v3.25.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Financial Instruments Not Recognized at Fair Value

The Company measures certain assets and liabilities at fair value on a recurring basis which are discussed below. Our financial instruments not recognized at fair value were as follows:

 

 

 

As of March 31, 2025

 

 

As of December 31, 2024

 

 

 

 

 

 

Carrying Value

 

 

Fair Value

 

 

Carrying Value

 

 

Fair Value

 

Fair Value Level

 

Reference

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Due from related party - Advisory Agreements

 

$

71,780

 

 

$

46,404

 

 

$

68,010

 

 

$

42,529

 

3

 

Note 12

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Debt Obligations

 

$

357,151

 

 

$

357,151

 

 

$

319,783

 

 

$

319,783

 

2

 

Note 11

Schedule of Changes in the Fair Value of Level III Financial Instruments

The changes in the fair value of Level III financial instruments are set forth below:

 

Contingent Consideration Liability

 

 

 

 

 

For the Three Months Ended March 31,

 

 

 

 

 

 

 

2025

 

 

2024

 

Balance, beginning of year:

 

 

 

 

 

$

-

 

 

$

6,693

 

Change in fair value

 

 

 

 

 

 

-

 

 

 

30

 

   Settlements

 

 

 

 

 

 

-

 

 

 

214

 

   Transfers out of level 3 measurement

 

 

 

 

 

 

-

 

 

 

-

 

Balance, end of period:

 

 

 

 

 

$

-

 

 

$

6,509