SIEBERT FINANCIAL CORP Goodwill & Intangibles Disclosure
13. Goodwill and Other Intangible Assets, Net
Goodwill
As of December 31, 2024 and 2023, the Company’s carrying amount of goodwill was $2,319,000 and $1,989,000, respectively. As of December 31, 2024, $1,989,000 of the Company’s carrying amount of goodwill came from the Company’s acquisition of RISE and $330,000 came from the Company’s acquisition of GE. As of December 31, 2024 and 2023, management concluded that there have been no impairments to the carrying value of the Company’s goodwill and no impairment charges related to goodwill were recognized during the years ended December 31, 2024 and 2023. Refer to Note 2 – Summary of Significant Accounting Policies for further information.
Other Intangible Assets, Net
As a result of the Company’s acquisition of GE, the Company acquired intangible assets consisting of GE artist contracts, the fair value of which were $778,000 as of the acquisition date. Amortization commenced upon acquisition and is recognized over its estimated useful life of 4 years. Amortization expense for the intangible asset totaled $81,000 for the year ended December 31, 2024.
As of December 31, 2024, the Company estimates the following future amortization of other intangible assets:
| Year | Amount | |||
| 2025 | $ | 194,000 | ||
| 2026 | 194,000 | |||
| 2027 | 194,000 | |||
| 2028 | 115,000 | |||
| Total | $ | 697,000 | ||
Want the next SIEBERT FINANCIAL CORP goodwill & intangibles disclosure the moment it drops?
Set a Sentinel and we'll alert you the moment SIEBERT FINANCIAL CORP's next filing hits EDGAR. No credit card, your email never gets sold.
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.