Company: FOACW
Filing Date: 2025-05-23
Form Type: 10-Q/A
Source: 0001828937-25-000044
Chunk: 26

Company: Finance of America Companies Inc.
Filing Date: 2025-05-23
Form: 10-Q/A
Chunk 26
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 Net loss from discontinued operations attributable to controlling interest    |     | $                                             | — |     | $                                             |   -835 |     | $                                            | -2,008 |     | $                                            | -16,029 |

(1) The Company evaluates the carrying value of long-lived assets, including intangible assets, fixed assets, leasehold improvements as well as right-of-use assets in operating leases when indicators of impairment exist in accordance with Accounting Standards Codification (“ASC”) 360, Property, Plant, and Equipment. Based on the analyses, the Company recognized impairment charges in the nine months ended September 30, 2023, related to the sales of the previously reported Lender Services and Commercial Originations segments.

(2) Amounts include gains on disposalsof $ 0.2million and $ 2.2million for the three and nine months ended September 30, 2023, respectively. The gains on disposals consist of a $ 0.2million gain on the sale of ANTIC and BNT, a $ 12.2million gain on the sale of the remaining assets of the Lender Services segment, and a $ 10.2million loss on the sale of our commercial originations operational assets.

#### 29
| Finance of America Companies Inc.                                
 Notes to Condensed Consolidated Financial Statements (Unaudited) |

The Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2024 and 2023 included the following material activities related to discontinued operations (in thousands):

|                                                                              |     | For the nine months ended September 30, 2024 |   |     | For the nine months ended September 30, 2023 |       |
|:-----------------------------------------------------------------------------|:----|:---------------------------------------------|:--|:----|:---------------------------------------------|------:|
| Gain on sale and other income from loans held for sale, net                  |     | $                                            | — |     | $                                            |   278 |
| Unrealized fair value changes on loans, related obligations, and derivatives |     |                                              | — |     |                                              |   308 |
| Impairment of intangibles and other assets                                   |     |                                              | — |     |                                              | 4,455 |
| Depreciation and amortization                                                |     |                                              | — |     |                                              | 2,778 |
| Acquisition of fixed assets                                                  |     |                                              | — |     |                                              |