Company: GOLD
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-016909
Chunk: 277

Company: Gold.com, Inc.
Filing Date: 2025-02-10
Form: 10-Q
Item: Item 1
Chunk 277
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 and goodwill, respectively; these values were based upon an independent appraisal and represent their fair values at the acquisition date. •In connection with the Company's acquisition of Goldline in August 2017, the Company recorded $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
        )
         
        $