GOODWILL

3 Months Ended

Mar. 31, 2025

GOODWILL

GOODWILL

NOTE 5 — GOODWILL

The following table summarizes the details of the Company’s changes in goodwill:

	March 31,		December 31,
	2025		2024
Consumer
Opening balance	$	—	$	300,000
Additions (reductions) (1)				(300,000)
Sub-total		—		—
Commercial
Opening balance		3,621,453		3,621,453
Additions (reductions)		—		—
Sub-total		3,621,453		3,621,453
	$	3,621,453	$	3,621,453

(1) The decrease in goodwill of $300 thousand for the year ended December 31, 2024, related to measurement period adjustments pertaining to the acquisition of the assets of a bespoke fabricator of jewelry in Scottsdale, Arizona (the “Scottsdale Transaction”).