Company: GOLD
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-016909
Chunk: 267

Company: Gold.com, Inc.
Filing Date: 2025-02-10
Form: 10-Q
Item: Item 1
Chunk 267
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 expense. As of December 31, 2024, the fair value of the contingent consideration was $2.3 million, $1.4 million of which was classified as accrued liabilities and the remainder as other liabilities on our consolidated balance sheet. The contingent consideration liability related to our acquisition of LPM is measured at fair value at each reporting period using a Monte Carlo Simulation model ("MCS model") with Level 3 unobservable inputs including estimated future cash flows generated by LPM, discount rates, and earnings volatility. Key assumptions used in the MCS model as of December 31, 2024 were an EBITDA risk premium of 10.5%, an EBITDA volatility of 65.0%, and a risk-free rate based on the USD yield curve between 4.1% and 4.2%. During the three and six months ended December 31, 2024, we recorded a reduction of $0.0 million and $0.1 million, respectively, to our contingent consideration reflected in selling, general, and administrative expenses.

21

The following tables present information about the Company's assets and liabilities measured at fair value on a recurring basis, aggregated by each fair value hierarchy level (in thousands): 

        December 31, 2024

        Quoted Price in Active Markets for Identical Instruments(Level 1)

        Significant Other Observable Inputs(Level 2)

        Significant Unobservable Inputs(Level 3)

        Total

        Assets:

        Inventories(1)
         
        $
        1,191,296

        $
        —

        $
        —

        $
        1,191,296

        Precious metals held under financing arrangements

        19,420

        —

        —

        19,420

        Derivative assets — open sale and purchase commitments, net

        14,771

        —

        —

        14,771

        Derivative assets — futures contracts

        8,226

        —

        —

        8,226

        Derivative assets — forward contracts

        69,843

        —

        —

        69,843

        Total assets, valued at fair value
         
        $
        1,303,556

        $
        —

        $
        —

        $
        1,303,556

        Liabilities:

        Liabilities on borrowed metals
         
        $
        33,888

        $
        —

        $
        —

        $
        33,