INTANGIBLE ASSETS AND GOODWILL (Tables)

9 Months Ended

Sep. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

The Company’s acquired intangible assets at September 30, 2025 and December 31, 2024 consisted of the following (in thousands):


September 30, 2025	Weighted average amortization period (years)	Cost		Accumulated amortization		Net carrying value

Tradenames and trademarks	5.64	$	3,729	$	3,084	$	645
Licenses and customer base	8.68	23,955		6,581		17,374
Non-compete agreements	2.00	42		42		—
	8.23	$	27,726	$	9,707	$	18,019


December 31, 2024	Weighted average amortization period (years)	Cost		Accumulated amortization		Net carrying value

Tradenames and trademarks	7.38	$	3,159	$	2,466	$	693
Licenses and customer base	7.96	22,553		4,607		17,946
Non-compete agreements	2.00	42		42		—
	7.89	$	25,754	$	7,115	$	18,639

Schedule of Estimated Future Amortization Expense

Estimated future amortization expense for the Company’s intangible assets at September 30, 2025 was as follows:


Year ending December 31,
Remainder of 2025	$	810
2026	2,961
2027	2,867
2028	2,709
2029	2,230
Thereafter	6,442
Total	$	18,019

Schedule of Changes In Goodwill

The changes in the carrying value of the Company’s goodwill in the nine months ended September 30, 2025 and 2024 were as follows (in thousands):


	2025		2024
Balance at January 1,	$	15,812	$	11,993
FSC Acquisition	6,843		—
Adjustments to Ermont purchase price allocation*	—		3,819

Balance at September 30,	$	22,655	$	15,812

* In connection with the finalization of the purchase price allocation in the first quarter of 2024 related to the 2023 acquisition of Ermont, Inc., the Company recorded reclassifications between its Tradenames and trademarks intangible asset, Licenses and customer base intangible asset, and Goodwill.

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

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+ Details

MARIMED INC. 10-Q