| GOODWILL AND INTANGIBLE ASSETS |
NOTE 5 – GOODWILL AND INTANGIBLE ASSETS
The following table summarizes our goodwill balance:
| |
|
Media
|
|
|
Truth.Fi
|
|
|
Total
|
|
|
Balance at December 31, 2025
|
|
$
|
120,884.2 |
|
|
$
|
- |
|
|
$
|
120,884.2 |
|
|
Goodwill related to acquisitions
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Balance at March 31, 2026
|
|
$
|
120,884.2 |
|
|
$
|
- |
|
|
$
|
120,884.2 |
|
Finite-lived intangible assets, net are summarized as follows:
| |
|
March 31, 2026
|
|
| |
|
Gross
Carrying
Amount
|
|
|
Accumulated
Amortization
|
|
|
Net
Carrying
Amount
|
|
|
Finite-lived intangible asset
|
|
|
|
|
|
|
|
|
|
|
Source code and technology
|
|
$
|
24,500.0 |
|
|
$
|
(8,112.8 |
)
|
|
$
|
16,387.2 |
|
|
Exclusivity rights
|
|
|
3,100.0 |
|
|
|
(1,022.0 |
)
|
|
|
2,078.0 |
|
|
Intangible assets, net
|
|
$
|
27,600.0 |
|
|
$
|
(9,134.8 |
)
|
|
$
|
18,465.2 |
|
| |
|
December 31, 2025
|
|
| |
|
Gross Carrying
Amount
|
|
|
Accumulated
Amortization
|
|
|
Net Carrying
Amount
|
|
|
Finite-lived intangible asset
|
|
|
|
|
|
|
|
|
|
|
Source code and technology
|
|
$
|
24,500.0 |
|
|
$
|
(6,902.0 |
)
|
|
$
|
17,598.0 |
|
|
Exclusivity rights
|
|
|
3,100.0 |
|
|
|
(868.4 |
)
|
|
|
2,231.6 |
|
|
Intangible assets, net
|
|
$
|
27,600.0 |
|
|
$
|
(7,770.4 |
)
|
|
$
|
19,829.6 |
|
Amortization expense was $1,364.4 for the three months ended March 31, 2026 and 2025. As of March 31, 2026, the weighted-average remaining amortization period for amortizable intangible assets was 3.35 years.
Based on the balance of finite-lived intangible assets at March 31, 2026, expected remaining future amortization expense is as follows:
|
Year Ending December 31:
|
|
|
|
|
2026 (remainder of)
|
|
$
|
4,169.1 |
|
|
2027
|
|
|
5,533.5 |
|
|
2028
|
|
|
5,548.7 |
|
|
2029
|
|
|
3,213.9 |
|
| |
|
$
|
18,465.2 |
|
|