Company: GOLD
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-016909
Chunk: 107

Company: Gold.com, Inc.
Filing Date: 2025-02-10
Form: 10-Q
Item: Item 8
Chunk 107
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 $5.0 million and $1.4 million of additional identifiable intangible assets and goodwill, respectively; these values were based upon an independent appraisal and represent their fair values at the acquisition date.•In March 2021, the Company acquired 100% ownership of JMB, in which we previously held a 20.5% equity interest. At the acquisition date we measured the value of identifiable intangible assets and goodwill at $98.0 million and $92.1 million, respectively. These values represent their fair values at the acquisition date.

27

•In October 2022, JMB acquired $4.5 million of intangible assets that included: BGASC’s website, domain name, trademarks, logos, customer list, and all intellectual property. •In connection with the Company's acquisition of LPM in February 2024, we recorded $10.3 million and $21.0 million of identifiable intangible assets and goodwill, respectively. These values represent their fair values at the acquisition date.•In March 2024, JMB acquired $8.5 million of intangible assets that included Gold.com's domain name.•In June 2024, we obtained a controlling interest in SGB, at which point SGB became a consolidated subsidiary of the Company. We measured the value of identifiable intangible assets and goodwill at $28.8 million and $78.0 million, respectively. These values represent their fair values as of the acquisition date. Carrying ValueThe carrying value of goodwill and other purchased intangibles are described below (dollar amounts in thousands):

        December 31, 2024

        June 30, 2024

        Estimated Useful Lives(Years)
         
        Remaining Weighted-Average Amortization Period(Years)
         
        Gross Carrying Amount

        AccumulatedAmortization

        AccumulatedImpairment

        Net Book Value

        Gross Carrying Amount

        AccumulatedAmortization

        AccumulatedImpairment

        Net Book Value

        Identifiable intangible assets:

        Existing customer relationships
         
        4 - 15
         
        4.1
         
        $
        75,568

        $
        (57,387
        )
         
        $
        —

        $
        18,181

        $
        75,568

        $
        (52,203
        )
         
        $
        —

        $
        23,365