Company: IIIV
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001728688-25-000108
Chunk: 90

Company: i3 Verticals, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 90
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 and obligations, accounts receivable, other assets, accounts payable, and accrued expenses, approximated their fair values as of June 30, 2025 and 2024, because of the relatively short maturity dates on these instruments. The carrying amount of debt approximates fair value as of June 30, 2025 and 2024, because interest rates on these instruments approximate market interest rates.The Company has no Level 1 or Level 2 financial instruments measured at fair value on a recurring basis. The following tables present the changes in the Company's Level 3 financial instruments that are measured at fair value on a recurring basis.Accrued Contingent ConsiderationBalance at September 30, 2024(1)$2,154 Contingent consideration accrued at time of business combination1,260 Change in fair value of contingent consideration included in operating expenses440 Contingent consideration paid(60)Balance at June 30, 2025$3,794 __________________________1.In connection with the sale of the Healthcare RCM Business, $198 of the Company's accrued contingent consideration 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 this amount. Accrued Contingent ConsiderationBalance at September 30, 2023(1)$7,329 Contingent consideration accrued at time of business combination170 Change in fair value of contingent consideration included in operating expenses171 Contingent consideration paid(7,326)Balance at June 30, 2024(2)$344 __________________________1.In connection with the sale of the Healthcare RCM Business, $19 and $891 of the Company's accrued contingent consideration was classified as "Current assets held for sale" and "Long-term assets held for sale", respectively, as of September 30, 2023 in the accompanying condensed consolidated balance sheets and was not included in this amount.2.In connection with the sale of the Healthcare RCM Business, $194 of the Company's accrued contingent consideration was classified as "Current assets held for sale" and June 30, 2024 in the accompanying condensed consolidated balance sheets and was not included in this amount. 

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

The fair value of contingent consideration obligations