Full House Resorts, Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

GOODWILL AND OTHER INTANGIBLES (Tables)

GOODWILL AND OTHER INTANGIBLES (Tables)

12 Months Ended

Dec. 31, 2024

The following table sets forth changes in the carrying value of goodwill by segment:


(In thousands)					Contracted
					Sports
	Midwest & South		West		Wagering		Total Goodwill, Net
Balance, January 1, 2023	$	14,671	$	6,615	$	—	$	21,286
Account activity		—		—		—		—
Balance, December 31, 2023		14,671		6,615		—		21,286
Goodwill related to assets held for sale⁽¹⁾		—		(1,809)		—		(1,809)
Balance, December 31, 2024	$	14,671	$	4,806	$	—	$	19,477

__________

(1)	Related to assets held for sale at Stockman’s (see Note 3 for details).

Schedule of other intangible assets, net

The following tables set forth changes in the carrying value of intangible assets other than goodwill:


(In thousands)	December 31, 2024
	Weighted Useful	Gross						Other
	Life Remaining	Carrying				Accumulated		Intangible
	(in years)	Value		Additions		Amortization		Assets, Net
Land Lease and Water Rights	33.3	$	1,420	$	—	$	(381)	$	1,039
Development Agreement	4.3		275		—		(38)		237
Gaming Licenses	10.0		555		—		(26)		529
Gaming Licenses	Indefinite		72,443		19,961		—		92,404
Trade Names	Indefinite		1,800		—		—		1,800
Trademarks	Indefinite		124		—		—		124
		$	76,617	$	19,961	$	(445)	$	96,133


(In thousands)	December 31, 2023
	Weighted Useful	Gross						Other
	Life Remaining	Carrying				Accumulated		Intangible
	(in years)	Value		Additions		Amortization		Assets, Net
Land Lease and Water Rights	34.3	$	1,420	$	—	$	(346)	$	1,074
Development Agreement	5.0		—		275		—		275
Gaming Licenses	Indefinite		7,843		65,155		—		72,998
Trade Names	Indefinite		1,800		—		—		1,800
Trademarks	Indefinite		121		3		—		124
		$	11,184	$	65,433	$	(346)	$	76,271

Schedule of future amortization expense for intangible assets

Future amortization expense for intangible assets is as follows:


(In thousands)

For Years ending December 31,	Amortization Expense
2025	$	139
2026		139
2027		139
2028		139
2029		101
Thereafter		1,148
	$	1,805

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-2

+ Details