Company: SLDE
Filing Date: 2025-01-22
Form Type: DRS/A
Source: 0000950123-25-000502
Chunk: 257

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-01-22
Form: DRS/A
Chunk 257
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 1.09 |

The Company had 0 and 1,000,000 anti-dilutive shares for the years ended December 31, 2023 and 2022, respectively. The warrants were excluded from the computations because the conversion price on these warrants was greater than the average value of the common shares during each of the respective periods, and therefore, would be anti-dilutive to earnings per share under the “if converted” method under the guidance of ASU 2020-06.During loss periods, common stock equivalents such as stock options and convertible debt are excluded from the calculation of diluted loss per share, as the inclusion would have an anti-dilutive effect. The warrants were repurchased and retired by the company on March 6, 2023.

| 5. | Goodwill and Intangible Assets |

Data – Company 1 During the fourth quarter of 2021, the Company entered into a cross-license agreement with an independent third-party insurance company (“Company 1”) whereby the Company would receive historical data, refreshed on a periodic basis, in exchange for a license to use the Company’s proprietary software (once development is complete), common stock, and common stock warrants. The Company recorded deferred revenue of $90 for the promised software license to Company 1. This data is of significant value to the Company in development of its proprietary software. The Company determined a fair value of $2,379 for this data. In March 2023, the Company entered into an amended and restated agreement with Company 1 to sunset the data refresh provisions of the contract. Based on this change in contractual terms, the Company determined that the value of the data was not impaired and that the useful lives of the intangible data asset should be changed from indefinite to three years and began amortization in 2023. Amortization for 2023 totaled $792. Data – Company 2 During the fourth quarter of 2021, the Company entered into a cross-license agreement with an independent third-partyinsurance company (“Company 2”) whereby the Company would receive historical data, refreshed on a periodic basis, in exchange for a license to use the Company’s proprietary software (once development is complete), and common stock warrants. This data is of significant value to the Company in development of its proprietary F-39

Slide Insurance Holdings, Inc. Notes to Consolidated Financial Statements For the years ended December 31, 2023 and 2022 (Dollar amounts in thousands, except share and per share amounts