Quarterly report pursuant to Section 13 or 15(d)

Goodwill (Tables)

v3.23.3
Goodwill (Tables)
9 Months Ended
Sep. 30, 2023
Goodwill  
Schedule of Goodwill

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

Balance, December 31, 2022

$

17,721

$

3,030

$

$

20,751

Impairment

Balance, September 30, 2023

$

17,721

$

3,030

$

$

20,751

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

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.