Rumble Inc
For the period ended Dec 31, 2023. Filed Mar 27, 2024.
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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.
FY2023 · Filed Mar 27, 2024
RUM$5.08+3.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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8. Intangible Assets
| 8. | Intangible Assets |
| Weighted- Average Remaining Useful Lives (in years) | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | |
|---|---|---|---|---|
| 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 | ||
| Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | |
|---|---|---|---|
| Intellectual property | $123,143 | $71,019 | $52,124 |
| Domain name | 500,448 | 52,656 | 447,792 |
| Brand | 1,284,000 | 151,969 | 1,132,031 |
| Software and technology | 1,969,769 | 390,411 | 1,579,358 |
| $3,877,360 | $666,055 | $3,211,305 |
Amortization expense related to intangible assets for the year ended December 31, 2023 was $1,582,889 (2022 – $569,042).
For intangible assets held as of December 31, 2023, future amortization expense is as follows:
| 2024 | $5,127,906 |
| 2025 | 5,019,093 |
| 2026 | 4,717,638 |
| 2027 | 4,366,324 |
| 2028 | 3,422,223 |
| Thereafter | 609,244 |
| $23,262,428 |
Rumble Inc.
Notes to the Consolidated Financial Statements
(Expressed in U.S. Dollars)
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.