Quarterly report pursuant to Section 13 or 15(d)

Goodwill (Tables)

v3.22.2.2
Goodwill (Tables)
9 Months Ended
Sep. 30, 2022
Goodwill  
Schedule of Goodwill

For the purposes of impairment testing, goodwill is allocated to the Company’s reporting units as follows:

Standard

Standard

Jupiter

Farms PA

Farms OH

Total

Balance, December 31, 2021

$

63,346

$

5,819

$

1,380

$

70,545

Impairment

(6,668)

(6,668)

Balance, September 30, 2022

$

56,678

$

5,819

$

1,380

$

63,877

Schedule of key assumptions used in determining the recoverable amount of reporting unit

The following table details the key assumptions used in determining the recoverable amount during the nine months ended September 30, 2022:

Jupiter

Terminal value growth rate

3.0%

Discount rate

22.5%

Projected revenue growth rate*

9.9%

Fair value

$

166,957

_____________

*Projected revenue growth rate averaged over the next ten years.