Company: IIIV
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0001728688-25-000043
Chunk: 139

Company: i3 Verticals, Inc.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 8
Chunk 139
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,458 $2,423 Prepaid licenses6,582 5,148 Prepaid insurance2,512 129 Notes receivable — current portion195 195 Other current assets3,259 2,337 Prepaid expenses and other current assets$15,006 $10,232 

22

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

6. GOODWILL AND INTANGIBLE ASSETS

Changes in the carrying amount of goodwill are as follows:Public SectorHealthcareOtherTotalBalance at September 30, 2024$233,850 $46,828 $— $280,678 Goodwill attributable to preliminary purchase price adjustments during the three months ended December 31, 2024— — — — Balance at December 31, 2024$233,850 $46,828 $— $280,678 Intangible assets consisted of the following as of December 31, 2024:CostAccumulatedAmortizationCarryingValueAmortization Life and MethodFinite-lived intangible assets:Customer 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,