| Intangible Assets and Goodwill |
NOTE 6. INTANGIBLE ASSETS AND GOODWILL
Intangible assets and Goodwill consist of the following:
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Balances, December 31, 2024
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Gross
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$14,276
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$2,471
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$176
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$16,923
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$1,585
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Accumulated amortization
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(5,411)
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—
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(107)
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(5,518)
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—
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Net carrying amount
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$8,865
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$2,471
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$69
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$11,405
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$1,585
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Balances, March 31, 2025
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Gross
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$14,276
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$2,471
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$176
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$16,923
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$1,585
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Accumulated amortization
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(5,499)
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—
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(111)
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(5,610)
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—
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Net carrying amount
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$8,777
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$2,471
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$65
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$11,313
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$1,585
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(1)
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Non-separable bed licenses are included in property and equipment as is the related accumulated amortization expense (see
Note 4 – Property and Equipment).
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(2)
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The Company does not amortize indefinite-lived intangibles, which consist of separable bed licenses and goodwill.
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F-50
TABLE OF CONTENTS
The following table summarizes amortization expense for
the three months ended March 31, 2025 and 2024:
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Bed licenses
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$88
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$104
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Lease rights
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4
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4
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Total amortization expense
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$92
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$108
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Expected amortization expense for the years ending
December 31, for all definite-lived intangibles, for each of the next five years and thereafter is as follows:
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2025
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$264
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$13
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2026
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352
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18
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2027
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352
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18
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2028
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352
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16
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2029
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352
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—
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Thereafter
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7,105
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—
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Total expected amortization expense
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$8,777
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$65
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NOTE 6. INTANGIBLE ASSETS AND GOODWILL
Intangible assets consist of the following:
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Balances, December 31, 2023
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Gross
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$14,276
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$2,471
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$176
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$16,923
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$1,585
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Accumulated amortization
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(4,997)
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—
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(89)
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(5,086)
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—
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Net carrying amount, December 31, 2023
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$9,279
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$2,471
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$87
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$11,837
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$1,585
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Balances, December 31, 2024
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Gross
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$14,276
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$2,471
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$176
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$16,923
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$1,585
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Accumulated amortization
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(5,411)
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—
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(107)
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(5,518)
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—
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Net carrying amount, December 31, 2024
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$8,865
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$2,471
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$69
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$11,405
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$1,585
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(1)
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Non-separable
bed licenses are included in property and equipment as is the related accumulated amortization expense (see Note 4 – Property and Equipment).
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(2)
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The
Company does not amortize indefinite-lived intangibles, which consist of separable bed licenses and goodwill.
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Expected amortization expense for the year ended
December 31, for all definite-lived intangibles, for each of the next five years and thereafter is as follows:
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2025
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$414
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$18
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2026
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414
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18
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2027
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414
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18
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2028
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414
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15
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2029
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414
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—
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Thereafter
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6,795
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—
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Total
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$8,865
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$69
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