RUM Group Inc.

For the period ended Dec 31, 2024. Filed Mar 25, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 25, 2025

RUM$5.08+3.4%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

8. Intangible Assets

8.	Intangible Assets

	As of December 31,
	Weighted- Average Remaining Useful Lives (in years)	Gross Carrying Value	Accumulated Amortization	Net Carrying Value
Intellectual property	4.17	$461,663	$(179,563)	$282,100
Domain name	11.42	500,448	(120,089)	380,359
Brand	6.83	1,284,000	(408,769)	875,231
Software and technology	3.72	30,314,958	(8,063,413)	22,251,545
Internal software development	3.50	6,586,351	(1,341,784)	5,244,567
Assembled workforce	0.75	726,222	(453,889)	272,333
		$39,873,642	$(10,567,507)	$29,306,135

	As of December 31,
	Weighted- Average Remaining Useful Lives (in years)	Gross Carrying Value	Accumulated Amortization	Net Carrying Value
Intellectual property	4.74	$461,663	$(101,023)	$360,640
Domain name	12.42	500,448	(86,019)	414,429
Brand	7.83	1,284,000	(280,369)	1,003,631
Software and technology	4.68	20,894,389	(1,618,906)	19,275,483
Internal software development	4.18	2,004,684	(116,854)	1,887,830
Assembled workforce	1.75	366,188	(45,773)	320,415
		$25,511,372	$(2,248,944)	$23,262,428

Amortization expense related to intangible assets for the years ended December 31, 2024 and 2023 was $8,318,563 and $1,582,889.

For intangible assets held as of December 31, 2024, future amortization expense is as follows:

2025	$8,276,864
2026	7,714,467
2027	7,082,342
2028	5,414,354
2029	371,335
Thereafter	446,773
	$29,306,135

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.