Company: LDWY
Filing Date: 2025-08-28
Form Type: 10-KT
Source: 0001558370-25-011807
Chunk: 66

Company: LENDWAY, INC.
Filing Date: 2025-08-28
Form: 10-KT
Chunk 66
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 first payment on April 1, 2023, and the last payment on August 1, 2024. The Company did not receive cash from V-Maxx, instead the $ 150,000per month was applied to the rent owed to Horti-Group and is reflected in noncash operating lease expense as an add back to net income (loss) in the consolidated statement of cash flows. At June 30, 2025 and December 31, 2024, the balance of the loan was zero.

9. Goodwill and Other Intangible Assets.

The following table summarizes the changes in goodwill:

| ​                                               
 Balance as of December 31, 2023                 | ​ 
 ​ | ​ |          ​ 
          — |
|:------------------------------------------------|:--|:--|-----------:|
| Goodwill resulting from the Bloomia Acquisition | ​ | ​ | 10,122,000 |
| Measurement period adjustment                   | ​ | ​ |    766,000 |
| Other - Foreign currency translation            | ​ | ​ |   -183,000 |
| Balance as of December 31, 2024                 |   | $ | 10,705,000 |
| Measurement period adjustment                   | ​ | ​ |    145,000 |
| Other - Foreign currency translation            | ​ | ​ |    278,000 |
| Balance as of June 30, 2025                     | ​ | $ | 11,128,000 |

The Company recorded measurement period adjustments which increased goodwill by $ and $ for the six months ended June 30, 2025 and calendar year 2024.

F-19

Other intangible assets and related amortization are as follows :

| ​                      
 ​                      | ​ 
 ​ | ​        
 ​        |          ​ 
          ​ | ​ 
 ​ |           ​ 
           ​ | ​ 
 ​ | ​             
 June 30, 2025 |         ​ | ​ | ​            |          ​ | ​ 
 ​ | ​                 
 December 31, 2024 |         ​ | ​ | ​            |          ​ |
|:-----------------------|:--|:---------|-----------:|:--|------------:|:--|:--------------|----------:|:--|:-------------|-----------:|:--|:------------------|----------:|:--|:-------------|-----------:|
| ​                      |   | Carrying |            |   | Useful Life |   | Accumulated