v3.26.1
Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2026
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, 2026

 

 

As of December 31, 2025

 

 

 

 

 

 

Carrying Value

 

 

Fair Value

 

 

Carrying Value

 

 

Fair Value

 

Fair Value Level

 

Reference

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Due from related party - Advisory Agreements

 

$

86,899

 

 

$

59,964

 

 

$

83,900

 

 

$

55,455

 

3

 

Note 13

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Debt Obligations

 

$

375,009

 

 

$

375,009

 

 

$

373,204

 

 

$

373,204

 

2

 

Note 12
Schedule of Fair Value of Liabilities

The following table presents all recurring items measured at fair value as of March 31, 2026:

 

 

As of March 31, 2026

 

 

 

Level I

 

 

Level II

 

 

Level III

 

 

Total

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Derivative assets

 

$

-

 

 

$

219

 

 

$

-

 

 

$

219

 

Total assets

 

$

-

 

 

$

219

 

 

$

-

 

 

$

219

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration obligation

 

$

-

 

 

$

-

 

 

$

11,181

 

 

$

11,181

 

Total liabilities

 

$

-

 

 

$

-

 

 

$

11,181

 

 

$

11,181

 

For the liabilities and assets presented in the table above, there were no changes in fair value hierarchy levels during the three months ended March 31, 2026.

The following table presents all recurring items measured at fair value as of December 31, 2025:

 

 

As of December 31, 2025

 

 

 

Level I

 

 

Level II

 

 

Level III

 

 

Total

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Derivative assets

 

$

-

 

 

$

74

 

 

$

-

 

 

$

74

 

Total assets

 

$

-

 

 

$

74

 

 

$

-

 

 

$

74

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration obligation

 

$

-

 

 

$

-

 

 

$

15,599

 

 

$

15,599

 

Total liabilities

 

$

-

 

 

$

-

 

 

$

15,599

 

 

$

15,599

 
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,

 

 

 

 

 

 

 

2026

 

 

2025

 

Balance, beginning of year:

 

 

 

 

 

$

15,599

 

 

$

-

 

   Additions

 

 

 

 

 

 

-

 

 

 

-

 

Change in fair value

 

 

 

 

 

 

(4,016

)

 

 

-

 

   Impact of exchange rate movements

 

 

 

 

 

 

(402

)

 

 

-

 

Balance, end of period:

 

 

 

 

 

$

11,181

 

 

$

-