XML 24 R14.htm IDEA: XBRL DOCUMENT
v3.25.2

Goodwill and Intangible Assets | 6 Months Ended
--- | ---
Jun. 30, 2025
Goodwill and Intangible Assets |
Goodwill and Intangible Assets | Note 7 - Goodwill and Intangible Assets Goodwill and intangible assets are primarily the result of business acquisitions. Goodwill represents the excess of the cost of an acquisition over the fair value of the net identifiable assets acquired and liabilities assumed. Goodwill is tested for impairment at the reporting unit level at least annually, as of December 31, or more frequently when events occur and circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. Changes in the carrying amount of goodwill during the six months ended June 30, 2025, were as follows:
|  | Technology Services |  |  | Rental Business |  |  | Total |
Balance at January 1, 2025 |  | $ | 4,211,166 |  |  | $ | — |  |  | $ | 4,211,166 |
Goodwill acquired, GTG Financial |  |  | 2,799,523 |  |  |  | — |  |  |  | 2,799,523 |
Goodwill measurement period adjustment (1) |  |  | (838,771 | ) |  |  | — |  |  |  | (838,771 | )
Balance at June 30,2025 |  | $ | 6,171,918 |  |  | $ | — |  |  | $ | 6,171,918 |
| (1) | The goodwill measurement period adjustment includes (i) a reduction of $835,866 related to the GTG Financial acquisition primarily due to the finalizing of the equity issuance valuation, and (ii) a reduction of $2,905 related to the reAlpha Mortgage acquisition resulting from updated purchase price allocation estimates.
|  | December 31, 2024 |
|  | Technology Services |  |  | Rental Business |  |  | Total |
Balance at January 1, 2024 |  | $ | — |  |  | $ | 17,337,739 |  |  | $ | 17,337,739 |
Goodwill acquired, net of purchase price adjustments |  |  | 4,072,728 |  |  |  | — |  |  |  | 4,072,728 |
Goodwill impairment |  |  | — |  |  |  | (17,337,739 | ) |  |  | (17,337,739 | )
Goodwill measurement period adjustment |  |  | 138,438 |  |  |  | — |  |  |  | 138,438 |
Balance at December 31, 2024 |  | $ | 4,211,166 |  |  | $ | — |  |  | $ | 4,211,166 |
The components of intangible assets, all of which are finite-lived, are as follows:
|  | June 30, 2025 |
|  | Opening balance |  |  | Additions |  |  | Impaired |  |  | Amortization |  |  | Net carrying value |
Definite-life Intangibles: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Developed technology |  | $ | 1,540,510 |  |  | $ | 131,283 |  |  | $ | — |  |  | $ | (176,236 | ) |  | $ | 1,495,557 |
Trademarks and trade names |  |  | 1,669,283 |  |  |  | — |  |  |  | — |  |  | $ | (63,762 | ) |  |  | 1,605,521 |
Customer relationships |  |  | 75,613 |  |  |  | — |  |  |  | — |  |  | $ | (4,608 | ) |  |  | 71,005 |
Total |  | $ | 3,285,406 |  |  | $ | 131,283 |  |  | $ | — |  |  | $ | (244,606 | ) |  | $ | 3,172,083 |
The Company recorded amortization expense of $124,604 and $244,605 for the three and six months ended June 30, 2025, respectively, and $64,430 and $128,861 for the three and six months ended June 30, 2024, respectively. The following table outlines the estimated future amortization expense related to intangible assets held as of June 30, 2025:
Years Ending December 31: |  | Amount |
2025 (remaining period) |  |  | 251,727 |
2026 |  |  | 503,453 |
2027 |  |  | 503,453 |
2028 |  |  | 503,453 |
2029 |  |  | 347,678 |
Thereafter |  |  | 1,062,319 |
Total |  | $ | 3,172,083 |
The Company performed an interim goodwill impairment test as of June 30, 2025, and determined that the carrying amount of goodwill did not exceed its fair value, indicating no impairment was present.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration