GOODWILL

9 Months Ended

Sep. 30, 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 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 three and nine months ended September 30, 2024 based on the annual impairment assessment for 2024.

The changes in the carrying amount of goodwill as of September 30, 2024 and December 31, 2023 are as follows:

	September 30, 2024		December 31, 2023
Beginning balance	$	-	$	5,747,000
Acquisitions		2,212,000		357,000
Impairment		-		(6,104,000	)
Ending balance	$	2,212,000	$	-