Company: CRCL
Filing Date: 2025-04-18
Form Type: S-1/A
Source: 0001193125-25-084832
Chunk: 323

Company: Circle Internet Group, Inc.
Filing Date: 2025-04-18
Form: S-1/A
Chunk 323
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 value. Intangible Assets, net Intangible assets with definite lives are amortized on a straight-line basis over their estimated useful lives. The Company’s finite-lived intangible assets are reviewed for impairment at least annually, or whenever events or changes in circumstances indicate that the carrying amount may not be recoverable, and intangibles are also evaluated periodically to determine their remaining useful lives. Internally developed software Internally developed software represents direct costs incurred to develop software for internal use and are capitalized and amortized over an estimated useful life of two years. Unamortized internally developed software development costs are included in Intangible assets, neton the Consolidated Balance Sheets. Acquired intangible assets The Company reviews the carrying amount of its long-lived assets, including intangible assets with finite lives, at least annually, or whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Unamortized acquired intangible assets are included in Intangible assets, neton the Consolidated Balance Sheets. Indefinite-lived acquired intangible assets, which include intellectual property rights, are not amortized. As a result, these assets are tested for impairment through qualitative and quantitative assessments at least annually in the fourth quarter and whenever events or circumstances occur indicating that indefinite-lived intangible assets might be impaired. We test our indefinite-lived intangible assets by comparing the fair values with the carrying values and recognize a loss for the difference. The useful life of the Company’s finite-lived acquired intangible assets is as follows:

| Table 2. Acquired Intangible Assets Useful Life |     |             |               |
| Acquired intangible assets                      |     | Useful life |               |
| Developed technology                            |     |             | 2 ~ 6 years   |
| Customer relationships                          |     |             | 2.5 ~ 4 years |
| Regulatory licenses                             |     |             | 5 years       |
| Patents and trade name                          |     |             | 1 ~ 17 years  |

There were no impairments recorded for intangible assets for the years ended December 31, 2024, 2023 and 2022. Goodwill, Intangible Assets And Other Long-Lived Assets The Company performs a qualitative assessment on goodwill at least annually, during the fourth quarter, or more frequently if indicators of potential impairment exist, to determine if any events or circumstances exist, such as an adverse change in business climate or a decline in the overall industry that would indicate that it F-17