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GOODWILL
3 Months Ended 12 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]    
GOODWILL

NOTE 12. GOODWILL

 

The Company tests goodwill for impairment annually on September 30 or more frequently if there are indicators that the carrying amount of goodwill exceeds its estimated fair value.

 

There was no impairment of goodwill during the three months ended March 31, 2025 and 2024.

 

The changes in the carrying amount of goodwill as of March 31, 2025 and December 31, 2024 are as follows:

 SCHEDULE OF GOODWILL

   March 31, 2025   December 31, 2024 
         
Beginning balance  $2,212,000   $- 
Acquisitions   -    2,212,000 
Impairment   -    - 
Ending balance  $2,212,000   $2,212,000 

 

NOTE 12. GOODWILL

 

The Company tests goodwill for impairment annually on September 30 or more frequently if there are indicators that the carrying amount of the goodwill exceeds its estimated fair value.

 

As a result of the impairment test in 2023, the entire $6.1 million carrying value of goodwill was recognized as a non-cash impairment charge in 2023. There was no impairment of goodwill during the year ended December 31, 2024 based on the annual impairment assessment for 2024.

 

The changes in the carrying amount of goodwill as of December 31, 2024 and December 31, 2023 are as follows:

 

  

December 31,

2024

  

December 31,

2023

 
         
Beginning balance  $-   $5,747,000 
Acquisitions   2,212,000    357,000 
Impairment   -    (6,104,000)
Ending balance  $2,212,000   $-