
			Fair Value at Reporting Date Using
(in thousands)	March 31, 2025		Level 1		Level 2		Level 3
Cash equivalents:
Overnight repurchase agreements	$	32,018	$	32,018	$	—	$	—

Money market fund	4,744		4,744		—		—
Total	$	36,762	$	36,762	$	—	$	—

	December 31, 2024		Level 1		Level 2		Level 3
Cash equivalents:
Overnight repurchase agreements	$	38,962	$	38,962	$	—	$	—

Money market fund	4,000		4,000		—		—
Total	$	42,962	$	42,962	$	—	$	—

The following table presents the carrying values of the Company's contingent earnout payment obligations included in the accompanying condensed consolidated balance sheets, which approximated fair value at March 31, 2025 and December 31, 2024.


			Fair Value at Reporting Date Using
(in thousands)	March 31, 2025		Level 1		Level 2		Level 3
Accrued expenses and other current liabilities:

First Kent Island Earnout Period	$	2,365	$	—	$	—	$	2,365
First Consolidated Mechanical Earnout Period	402		—		—		402
Second ACME Earnout Period	1,857		—		—		1,857
Second IA Earnout Period	3,314		—		—		3,314
Other long-term liabilities:
Second Kent Island Earnout Period	2,244		—		—		2,244
Second Consolidated Mechanical Earnout Period	436		—		—		436
Total	$	10,618	$	—	$	—	$	10,618

			Fair Value at Reporting Date Using
(in thousands)	December 31, 2024		Level 1		Level 2		Level 3
Accrued expenses and other current liabilities:
First IA Earnout Period(1)	$	3,000	$	—	$	—	$	3,000
First Kent Island Earnout Period	2,297		—		—		2,297
First Consolidated Mechanical Earnout Period	402		—		—		402
Second ACME Earnout Period	1,713		—		—		1,713
Other long-term liabilities:
Second IA Earnout Period	3,222		—		—		3,222
Second Kent Island Earnout Period	2,201		—		—		2,201
Second Consolidated Mechanical Earnout Period	355		—		—		355
Total	$	13,190	$	—	$	—	$	13,190