v3.25.2
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 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 June 30, 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

 

$

75,801

 

 

$

50,180

 

 

$

68,010

 

 

$

42,529

 

3

 

Note 13

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Debt Obligations

 

$

373,021

 

 

$

373,021

 

 

$

319,783

 

 

$

319,783

 

2

 

Note 12

Schedule of Fair Value of Liabilities

The table below presents all items measured at fair value as of June 30, 2025.

 

 

As of June 30, 2025

 

 

 

Level I

 

 

Level II

 

 

Level III

 

 

Total

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration obligation

 

$

-

 

 

$

-

 

 

$

13,126

 

 

$

13,126

 

Total liabilities

 

$

-

 

 

$

-

 

 

$

13,126

 

 

$

13,126

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 Six Months Ended June 30,

 

 

 

 

 

 

 

2025

 

 

2024

 

Balance, beginning of year:

 

 

 

 

 

$

-

 

 

$

6,693

 

   Additions

 

 

 

 

 

 

11,259

 

 

 

-

 

Change in fair value

 

 

 

 

 

 

1,109

 

 

 

121

 

   Impact of exchange rate movements

 

 

 

 

 

 

758

 

 

 

-

 

   Settlements

 

 

 

 

 

 

-

 

 

 

(1,244

)

Balance, end of period:

 

 

 

 

 

$

13,126

 

 

$

5,570