Annual report pursuant to Section 13 and 15(d)

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

v3.23.1
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
Goodwill, carrying amount, as of January 1, 2021 $ 19,093 
Additions from acquisitions 28,518 
Impairment (1,783)
Goodwill, carrying amount, as of December 31, 2021
 $ 45,828 
Additions from acquisitions, including reclassification of $254
 35,480 
Impairment (39,643)
Measurement period adjustment (3,426)
Goodwill, carrying amount, as of December 31, 2022 $ 38,239 
Schedule of Finite-Lived Intangible Assets The components of other intangible assets are as follows:
As of December 31, Estimated Useful
Life
2022 2021
Licenses $ 82,401  $ 174,662  Indefinite
Intellectual Property 9,580  9,580  10 years
Tradenames 12,800  10,200 
1 - 15 years
Patient/Customer database 3,195  2,795 
5 - 10 years
Non-compete 155  155  3 years
Website development 61  61  3 years
Formulations 50  50  Indefinite
Total gross amount $ 108,242  $ 197,503 
Less: Accumulated Amortization (8,160) (5,037)
Other Intangible Assets, net $ 100,082  $ 192,466 
Schedule of Indefinite-Lived Intangible Assets The components of other intangible assets are as follows:
As of December 31, Estimated Useful
Life
2022 2021
Licenses $ 82,401  $ 174,662  Indefinite
Intellectual Property 9,580  9,580  10 years
Tradenames 12,800  10,200 
1 - 15 years
Patient/Customer database 3,195  2,795 
5 - 10 years
Non-compete 155  155  3 years
Website development 61  61  3 years
Formulations 50  50  Indefinite
Total gross amount $ 108,242  $ 197,503 
Less: Accumulated Amortization (8,160) (5,037)
Other Intangible Assets, net $ 100,082  $ 192,466 
Schedule of Future Annual Amortization Expense
The estimated future annual amortization expense related to intangible assets as of December 31, 2022 are as follows:
2023 $ 3,237 
2024 3,214 
2025 3,182 
2026 2,911 
2027 1,912 
Thereafter 3,175 
   Total estimated future amortization expense $ 17,631 
Schedule of Key Assumptions
Year Ended December 31, 2022 Key Assumptions
State Goodwill Impairment Intangible Asset Impairment Perpetual Growth Rate Discount Rate Weighted Average Cost of Capital Cash Flow Forecast
California $ 2,432  $ 10,142  2% 22.5% 21.5% 5 years
Massachusetts
 12,231 37,954 2% 21.0% 20.0% 5 years
Nevada
 24,980 22,150 2% 21.0% 20.0% 5 years
Ohio
 —  5,317 2% 24.5% 23.5% 5 years
Pennsylvania
 —  35,952 2% 22.0% 21.0% 5 years
$ 39,643  $ 111,515