Company: GOLD
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-016909
Chunk: 278

Company: Gold.com, Inc.
Filing Date: 2025-02-10
Form: 10-Q
Item: Item 1
Chunk 278
---
,364
        )
         
        $
        199,937

        $
        201,301

        $
        —

        $
        (1,364
        )
         
        $
        199,937

      The Company's intangible assets are subject to amortization except for trade names, trademarks, and domain names, which have indefinite lives. Amortization expense related to the Company's intangible assets was $3.8 million and $2.2 million for the three months ended December 31, 2024 and 2023, respectively, and $7.7 million and $4.3 million for the six months ended December 31, 2024 and 2023, respectively. For the presented periods, amortization expense allocable to cost of sales was not significant.ImpairmentWe recorded a non-recurring impairment charge of $2.7 million (goodwill and indefinite-lived intangible assets) in fiscal 2018 related to Goldline. Other than the impairment charge related to Goldline, we have not recorded any impairment of goodwill or indefinite-lived intangible assets.Estimated AmortizationEstimated annual amortization expense related to definite-lived intangible assets for the succeeding five years is as follows (in thousands): 

        Fiscal Year Ending June 30,
         
        Amount

        2025 (remainder)

        5,790

        2026

        7,798

        2027

        6,059

        2028

        4,866

        2029

        734

        Thereafter

        1,844

        $
        27,091

28

10. LONG-TERM INVESTMENTSThe following table shows the carrying value and ownership percentage of the Company's investment in privately-held entities accounted for either under the equity or cost method (in thousands): 

        December 31, 2024

        June 30, 2024

        Investee
         
        Carrying Value

        Ownership Percentage

        Carrying Value

        Ownership Percentage

        Pinehurst Coin Exchange, Inc.
         
        $
        14,533

        49.0
        %
         
        $
        17,503

        49.0
        %

        Sunshine Minting, Inc.

        18,156

        44.9
        %

        18,603

        44.9
        %

        Company