v3.26.1
Variable Interest Entities (Tables)
 3 Months Ended
Mar. 31, 2026
Variable Interest Entity Disclosure [Abstract]  
Schedule of Carrying Value of Assets and Liabilities carrying amounts of consolidated FRE Australia’s (including SEM) assets and liabilities were as follows as of March 31, 2026 and December 31, 2025:

 

 

March 31, 2026

 

 

December 31, 2025

 

ASSETS

 

 

 

 

 

 

Current assets

 

 

 

 

 

 

Cash and cash equivalents

 

$

2,126

 

 

$

10,922

 

Prepaid expenses

 

 

295

 

 

 

118

 

Total current assets

 

 

2,421

 

 

 

11,040

 

Non-current assets

 

 

 

 

 

 

Property and equipment, net

 

 

469

 

 

 

362

 

Mineral interests, which includes $2,275 related to SEM

 

 

23,379

 

 

 

23,327

 

Other non-current assets

 

 

39

 

 

 

42

 

Total non-current assets

 

 

23,887

 

 

 

23,731

 

Total assets

 

$

26,308

 

 

$

34,771

 

 

 

 

 

 

 

LIABILITIES

 

 

 

 

 

 

Current liabilities

 

 

 

 

 

 

Accounts payable

 

$

86

 

 

$

362

 

Accrued expenses

 

 

518

 

 

 

22

 

Other current liabilities

 

 

53

 

 

 

34

 

Total current liabilities

 

 

657

 

 

 

418

 

Non-current liabilities

 

 

 

 

 

 

Other non-current liabilities

 

 

14

 

 

 

20

 

Total non-current liabilities

 

 

14

 

 

 

20

 

Total liabilities

 

$

671

 

 

$

438