GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in the carrying amount of goodwill by reportable segments were as follows:


Reportable Segment	December 31, 2024		Additions		Adjustments		December 31, 2025
Life Solutions	$	139,930,190	$	7,077,167	$	—	$	147,007,357
Asset Management	98,366,010		—		7,406,517		105,772,527
Total	$	238,296,200	$	7,077,167	$	7,406,517	$	252,779,884

Schedule of Finite-Lived Intangible Assets

Intangible Assets Acquired comprised of the following:

Asset Type

Fair Value

Useful Life

Valuation Methodology

Management agreements

47,400,000

4 - 8 years

Multi-period excess-earnings method

Customer relationships

31,693,300

3 - 10 years

Multi-period excess-earnings method

Non-compete agreements

7,400,000

1 - 3 years

With or Without Method

Internally developed and used technology

2,100,000

2 - 3 years

Replacement Cost Method

Trade Name

2,500,000

3 - 10 years

Relief from Royalty Method

State Insurance Licenses

2,700,000

Indefinite

Replacement Cost Method

Trade Name

900,000

Indefinite

Relief from Royalty Method

94,693,300

Intangible assets and related accumulated amortization as of December 31, 2025 are as follows:

December 31, 2025


	Gross Value		Accumulated Amortization		Net Book Value
Definite Lived Intangible Assets:
Management agreements	$	47,400,000	$	9,032,419	$	38,367,581
Customer relationships	31,693,300		11,335,052		20,358,248
Non-compete agreements	7,400,000		5,930,556		1,469,444
Internally developed and used technology	2,100,000		1,827,777		272,223
Trade Name	2,500,000		286,111		2,213,889
Total	$	91,093,300	$	28,411,915	$	62,681,385

Indefinite Lived Intangible Assets:
State Insurance Licenses	2,700,000		—		2,700,000
Trade Name	900,000		—		900,000
Total	$	94,693,300	$	28,411,915	$	66,281,385

Schedule of Indefinite-Lived Intangible Assets

Intangible Assets Acquired comprised of the following:

Asset Type

Fair Value

Useful Life

Valuation Methodology

Management agreements

47,400,000

4 - 8 years

Multi-period excess-earnings method

Customer relationships

31,693,300

3 - 10 years

Multi-period excess-earnings method

Non-compete agreements

7,400,000

1 - 3 years

With or Without Method

Internally developed and used technology

2,100,000

2 - 3 years

Replacement Cost Method

Trade Name

2,500,000

3 - 10 years

Relief from Royalty Method

State Insurance Licenses

2,700,000

Indefinite

Replacement Cost Method

Trade Name

900,000

Indefinite

Relief from Royalty Method

94,693,300

Intangible assets and related accumulated amortization as of December 31, 2025 are as follows:

December 31, 2025


	Gross Value		Accumulated Amortization		Net Book Value
Definite Lived Intangible Assets:
Management agreements	$	47,400,000	$	9,032,419	$	38,367,581
Customer relationships	31,693,300		11,335,052		20,358,248
Non-compete agreements	7,400,000		5,930,556		1,469,444
Internally developed and used technology	2,100,000		1,827,777		272,223
Trade Name	2,500,000		286,111		2,213,889
Total	$	91,093,300	$	28,411,915	$	62,681,385

Indefinite Lived Intangible Assets:
State Insurance Licenses	2,700,000		—		2,700,000
Trade Name	900,000		—		900,000
Total	$	94,693,300	$	28,411,915	$	66,281,385

Schedule of Estimated Annual Amortization for Intangible Assets

Estimated annual amortization of intangible assets for the next five years ending December 31 and thereafter is as follows:


2026	$	15,211,950
2027	15,014,728
2028	11,501,255
2029	7,813,616
2030	5,999,171
Thereafter	7,140,665
Total	$	62,681,385

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
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Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-2

+ Details

Abacus Global Management, Inc. 10-K