Company: IIIV
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0001728688-25-000043
Chunk: 55

Company: i3 Verticals, Inc.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 1
Chunk 55
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 relationships$199,720 $(41,816)$157,904 9 to 25 years – accelerated or straight-lineTrade names4,741 (3,233)1,508 2 to 5 years – straight-lineNon-compete agreements and other intangible assets359 (215)144 3 to 8 years – straight-lineTotal finite-lived intangible assets204,820 (45,264)159,556 Indefinite-lived intangible assets:Trademarks18 — 18 Total identifiable intangible assets(1)$204,838 $(45,264)$159,574 Amortization expense from continuing operations for intangible assets amounted to $3,243 for the three months ended December 31, 2024, and $3,146 and for the three months ended December 31, 2023.Based on net carrying amounts at December 31, 2024, the Company's estimate of future amortization expense for continuing operations for intangible assets are presented in the table below for fiscal years ending September 30:2025 (nine months remaining)$9,720 202612,528 202712,069 202811,906 202911,879 Thereafter101,454 $159,556 

23

i3 VERTICALS, Inc.NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)(in thousands, except unit, share and per share amounts)

7. ACCRUED EXPENSES AND OTHER LIABILITIES

A summary of the Company's accrued expenses and other current liabilities as of December 31, 2024 and September 30, 2024 is as follows is as follows:December 31,September 30,20242024Accrued wages, bonuses, commissions and vacation$7,362 $5,737 Accrued interest384 43 Accrued contingent consideration — current portion339 716 Escrow liabilities2,200 2,174 Accrued tax distributions22,185 24,276 Accrued income tax expense31,670 30,520 Tax receivable agreement liability — current portion9,897 9,850 Customer deposits995 634 Employee health self-insurance liability1,021 917 Accrued Hyland expenses653 1,165 Accrued interchange2,492 1,946 Other accrued liabilities related to the Sale