Related-Party Transactions |
3 Months Ended | ||
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Mar. 31, 2026 | |||
| Related Party Transaction [Line Items] | |||
| Related-party transactions |
The Company has entered into an expense sharing agreement with Ultimate Parent whereby Ultimate Parent has agreed to pay for general and administrative expenses of the Company. During the three months ended March 31, 2026, and March 31, 2025, Ultimate Parent incurred the Company’s audit, tax compliance expenses, and bank fees in the aggregate amount of $47,546 and $282, respectively. The Company recorded general and administrative expenses in the accompanying statements of operations and additional paid in capital in the accompanying statements of stockholder’s equity for these constructive cash receipts and capital contributions. As of March 31, 2026, the Company’s sole stockholder served as a manager of Ultimate Parent’s Board of Managers.
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| BW Ultimate Parent, LLC and Subsidiaries | |||
| Related Party Transaction [Line Items] | |||
| Related-party transactions |
The Company reimburses an affiliate of the Members for various costs incurred on behalf of the Company, as described below. The Company was charged $71 and $70 during the three months ended March 31, 2026, and March 31, 2025, respectively, by an affiliate of the Members for a portion of rent for shared office space, which is included in Selling, general, and administrative expenses in the accompanying unaudited Condensed Consolidated Statements of Income. The Company was charged $12 and $11 during the three months ended March 31, 2026, and March 31, 2025, respectively, by an affiliate of the Members for certain operating expenses incurred on behalf of the Company, which is included in Selling, general, and administrative expenses in the accompanying unaudited Condensed Consolidated Statements of Income. The Company has an outstanding payable amount of $58 and $46 as of March 31, 2026, and December 31, 2025, respectively for rent and accruals. All amounts Due to and Due from affiliates represent advances to and from the Company. Such amounts are non-interest bearing, due on demand.
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