GOODWILL AND INTANGIBLE ASSETS
|9 Months Ended|
Sep. 30, 2022
|GOODWILL AND INTANGIBLE ASSETS|
|GOODWILL AND INTANGIBLE ASSETS||
NOTE 5: GOODWILL AND INTANGIBLE ASSETS
The Company recorded $6,479,218 in goodwill from the Bailey business combination in February 2020, $9,681,548 in goodwill from the H&J business combination in May 2021 and $2,104,056 in goodwill from the Stateside business combination in August 2021.
The following table summarizes information relating to the Company’s identifiable intangible assets as of September 30, 2022:
The Company recorded amortization expense of $537,813 and $355,808 during the three months ended September 30, 2022 and 2021, and $1,613,438 and $590,711 during the nine months ended September 30, 2022 and 2021, respectively, which is included in general and administrative expenses in the consolidated statements of operations.
The entire disclosure for goodwill and intangible assets.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef