Company: GOLD
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-016909
Chunk: 106

Company: Gold.com, Inc.
Filing Date: 2025-02-10
Form: 10-Q
Item: Item 8
Chunk 106
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2024

        June 30, 2024

        Computer software
         
        $
        9,476

        $
        9,300

        Plant equipment

        10,232

        10,566

        Leasehold improvements

        4,196

        4,196

        Office furniture, and fixtures

        4,038

        4,042

        Computer equipment

        2,377

        2,337

        Building and other

        2,629

        2,571

        Total depreciable assets

        32,948

        33,012

        Less: Accumulated depreciation and amortization

        (18,049
        )

        (16,356
        )

        Property and equipment not placed in service

        8,685

        3,201

        Land

        406

        406

        Property, plant, and equipment, net
         
        $
        23,990

        $
        20,263

      Property, plant and equipment depreciation and amortization expense was $0.8 million and $0.6 million for the three months ended December 31, 2024 and 2023, respectively, and $1.7 million and $1.3 million for the six months ended December 31, 2024 and 2023, respectively. For the periods presented, depreciation and amortization expense allocable to cost of sales was not significant.

9. GOODWILL AND INTANGIBLE ASSETSGoodwill is an intangible asset that arises when a company acquires an existing business or assets (net of assumed liabilities) which comprise a business. In general, the amount of goodwill recorded in an acquisition is calculated as the purchase price of the business minus the fair market value of the tangible assets and the identifiable intangible assets, net of the assumed liabilities. Goodwill and intangibles can also be established by push-down accounting. Below is a summary of the significant transactions that generated our goodwill and intangible assets:•In connection with the Company's formation of AMST in August 2016, the Company recorded $2.5 million and $4.3 million of identifiable intangible assets 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