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ACQUISITION
 6 Months Ended
Jun. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
ACQUISITION ACQUISITIONS
Star Operating Companies

On August 22, 2025, the Company completed its previously announced acquisition of SOC pursuant to the Agreement and Plan of Merger, dated as of May 21, 2025 (the “Merger Agreement”). This resulted in a business combination pursuant to ASC 805, Business Combinations.

The terms of the Merger Agreement determined consideration for the purchase as follows: at the Effective Time, (i) each share of common stock of SOC issued and outstanding immediately prior to the Effective Time (other than certain shares as set forth in the Merger Agreement) were automatically converted into the right to receive 0.23 shares of Company common stock and (ii) each share of preferred stock of SOC issued and outstanding immediately prior to the Effective Time (other than certain shares set forth in the Merger Agreement) were automatically converted into the right to receive one (1) share of Star
10% Series A Cumulative Perpetual preferred stock (“Preferred Stock”). As a result of the Merger, former SOC common stockholders received approximately 744,291 shares of Star common stock for their SOC common shares and former SOC preferred stockholders received approximately 2,690,637 shares of Star Preferred Stock. No fractional shares of Star common stock were issued in the Merger, and SOC stockholders became entitled to receive cash in lieu of fractional shares in accordance with the Merger Agreement. The total consideration paid for SOC, which represents the fair value of the common and preferred stock, totaled approximately $32,174. Prior to the completion of the Merger Agreement, the Company determined that the Merger Agreement was in the best interests of the Company and for each of the Star and the SOC stockholders.

In accordance with ASC 805, Business Combinations, the Company accounted for this transaction as a business combination and recorded the acquired assets and assumed liabilities of SOC at their respective fair values as of the acquisition date. As of June 30, 2026, the purchase price allocation has been finalized, including the valuation of property and equipment, intangible assets, inventory, income taxes, and goodwill, among other items. The fair values of assets acquired and liabilities assumed were determined using valuation techniques consistent with ASC 820, Fair Value Measurement. These fair value measurements are considered nonrecurring and were determined as of the acquisition date. As noted in Note 2, Description of Business, SOC is reported as part of our Building Solutions, Energy Services, and Investments segments. The Company incurred transaction costs related to the SOC Acquisition of $1,600 that were expensed as part of “Office and general”.

The following table sets forth the purchase price allocation of SOC to the estimated fair value of assets acquired as of the acquisition date:
Fair Value
Assets Acquired:
Cash and cash equivalents$4,641 
 Restricted cash, current597 
 Investments in equity securities 2,561 
Accounts receivable11,463 
Inventories, net9,101 
Note receivable, current portion269 
Prepaid and other1,246 
Property and equipment, net17,959 
Operating lease right-of-use assets8,608 
Long term investments953 
Notes receivable, net of current portion8,473 
Restricted cash, non-current1,729 
Assets Acquired$67,600 
Liabilities Assumed:
Current payables3,203 
Accrued salaries, commissions and benefits2,165 
Accrued expenses and other current liabilities5,162 
Short-term debt6,042 
Deferred revenue3,609 
Operating lease liabilities, current portion228 
Long-term debt, net of current portion6,630 
Operating lease liabilities, net of current portion8,387 
Liabilities Assumed$35,426 
Fair value of consideration transferred$32,174 

The Company’s Consolidated Statements of Operations for the three and six months ended June 30, 2026, included revenue of $18,556 and $33,612, and net loss of $384 and $2,633, respectively, from SOC.
The following represents certain information from the unaudited pro forma Condensed Consolidated Statement of Operations as if SOC had been included in the consolidated results of the Company for the three and six months ended June 30, 2025:
Three Months Ended
 June 30,		Six Months Ended
June 30,
Pro-forma20252025
Revenue$59,249 $104,039 
Gross profit$24,888 $44,422 
Net income (loss)$2,763 $(169)
Alpha Consulting Group Acquisition

On July 23, 2025, the Company announced that it had acquired Alpha Consulting Group (“ACG”) (“Seller”), a Japan-based provider of recruitment services. The acquisition of ACG represents the Company’s entry into the Japanese market as part of its localization strategy for its Business Services segment. In connection with the acquisition, the seller received total cash consideration of $146, subject to certain adjustments at closing.

There were no earn-out payment arrangements associated with the transaction. The ACG acquisition was accounted for as a business combination under the acquisition method of accounting. The total purchase price of $146 consisted of $200 paid in cash, net of cash acquired of $14, and a working capital adjustment of negative $68. The purchase price was allocated to the net tangible and intangible assets and liabilities based on their estimated fair values as of the acquisition date, with the excess recorded as goodwill. The Company incurred $11 of transaction costs related to the ACG Acquisition, which were expensed as part of “Office and general.”

The Company’s Consolidated Statements of Operations for the three and six months ended June 30, 2026, included revenue of $243 and $471, and net loss of $68 and $151, respectively, from ACG.

Below is a summary of the fair value of the net assets acquired on the acquisition date:
Fair Value
Assets Acquired:
Cash and cash equivalents$10 
Accounts receivable29 
Prepaid and other5 
Intangible assets95 
Goodwill242 
Restricted cash, non-current4 
Assets Acquired$385 
Liabilities Assumed:
Current payables$77 
Accrued salaries, commissions and benefits3 
Accrued expenses and other current liabilities126 
Deferred tax liabilities33 
Liabilities Assumed$239 
Fair value of consideration transferred$146