Company: IIIV
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001728688-25-000108
Chunk: 180

Company: i3 Verticals, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 180
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 5,013 Prepaid insurance517 129 Notes receivable — current portion195 195 Other current assets2,964 2,213 Prepaid expenses and other current assets(1)$12,770 $9,973 __________________________

1.In connection with the sale of the Healthcare RCM Business, $259 of the Company's prepaid expenses and other current assets was classified as "Current assets held for sale" as of September 30, 2024 in the accompanying condensed consolidated balance sheets and was not included in these amounts. 

6. GOODWILL AND INTANGIBLE ASSETS

Changes in the carrying amount of goodwill are as follows:TotalBalance at September 30, 2024(1)$242,988 Goodwill attributable to preliminary purchase price adjustments during the nine months ended June 30, 20255,207 Balance at June 30, 2025$248,195 __________________________1.In connection with the sale of the Healthcare RCM Business, $37,688 of the Company's goodwill was classified as "Long-term assets held for sale" as of September 30, 2024 in the accompanying condensed consolidated balance sheets and was not included in this amount. 

31

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

Intangible assets consisted of the following as of June 30, 2025:CostAccumulatedAmortizationCarryingValueAmortization Life and MethodFinite-lived intangible assets:Customer relationships$179,650 $(41,904)$137,746 9 to 20 years – straight-lineTrade names3,691 (2,860)831 2 to 5 years – straight-lineNon-compete agreements and other intangible assets376 (261)115 1 to 8 years – straight-lineTotal finite-lived intangible assets183,717 (45,025)138,692 Indefinite-lived intangible assets:Trademarks16 — 16 Total identifiable intangible assets$183,733 $(45,025)$138,708 Amortization expense from continuing operations for intangible assets amounted to $2,882 and $8,467 for the three and nine months ended June 30, 2025, and $2,621 and $7,969 for the three and nine months