v3.25.4
Acquisition Activity (Tables)
 12 Months Ended
Dec. 31, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Purchase Accounting for FMS Acquisition
As of March 31, 2025, the Company finalized the purchase accounting for the FMS Acquisition. The following table summarizes the final purchase price allocation:
dollars in thousands
As of March 31, 2025
Common Stock$13,061 
Working Capital Excess Shares174 
Closing Cash Shares Adjustment143 
Accrued Dividends Payable Adjustment800 
Earnout Shares2,164 
Total purchase price$16,342 
Schedule of Final Purchase Price Allocation
dollars in thousandsAs of December 31, 2024AdjustmentsAs of March 31, 2025
Cash and cash equivalents$2,592 $— $2,592 
Accounts receivable1
2,701 — 2,701 
Aircraft support parts265 — 265 
Prepaid expenses and other current assets124 — 124 
Property, plant and equipment1,014 — 1,014 
Intangible assets3,900 — 3,900 
Other noncurrent assets1,854 — 1,854 
Accounts payable(259)— (259)
Dividends payable(800)— (800)
Deferred revenue(180)— (180)
Accrued expenses and other current liabilities(170)(139)(309)
Operating right-of-use current liability(56)— (56)
Operating right-of-use noncurrent liability(960)— (960)
Deferred tax liability(1,269)— (1,269)
Total identifiable net assets8,756 (139)8,617 
Goodwill7,586 139 7,725 
Total purchase price$16,342 $— $16,342 
1     Balance includes $1.0 million in unbilled receivable. Fair value of accounts receivable approximates the contractual amount.