Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS-NET (Tables)

v3.23.3
GOODWILL AND INTANGIBLE ASSETS-NET (Tables)
 9 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
SCHEDULE OF INTANGIBLE ASSETS AND GOODWILL

The following is the summary of the carrying amount of goodwill for the nine months ended September 30, 2023 and the year ended December 31, 2022:

  

    Nine Months Ended     Year Ended  
    September 30, 2023     December 31, 2022  
    ($ in thousands)  
Beginning gross balance   $ 61,186     $ 61,186  
Acquisitions     -       -  
Ending gross balance   $ 61,186     $ 61,186  
SCHEDULE OF FINITE-LIVED INTANGIBLE ASSETS

  

    September 30, 2023     December 31, 2022  
    ($ in thousands)  
Contracts and relationships acquired   $ 47,597     $ 47,597  
Capitalized software     27,343       21,547  
Non-compete agreements     1,236       1,236  
Other intangible assets     8,417       8,415  
Total intangible assets     84,593       78,795  
Less: Accumulated amortization     57,904       49,275  
Intangible assets - net   $ 26,689     $ 29,520  
SCHEDULE OF FINITE-LIVED INTANGIBLE ASSETS, FUTURE AMORTIZATION EXPENSE

As of September 30, 2023, future amortization is scheduled to be expensed as follows:

 

Years ending December 31,   ($ in thousands)  
2023 (three months)   $ 3,740  
2024     10,960  
2025     7,719  
2026     3,220  
2027     300  
Thereafter     750  
Total   $ 26,689