v3.26.1
Business Combinations (Tables)
 6 Months Ended
Jun. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Consideration Transferred
The total consideration transferred was as follows:
ComponentAmount (in thousands)
Cash paid at closing$61,625 
Fair value of warrants issued, paid on the behalf of acquiree12,440 
Settlement of accrued liabilities, paid on the behalf of acquiree15,562 
Effective settlement of preexisting asset due from acquiree8,550 
Total consideration transferred$98,177 
Schedule of Fair Value of Acquired Assets and Liabilities
The preliminary allocation of the purchase price is based on the fair value of the acquired assets and liabilities as of the acquisition date:
Purchase Price consideration$98,177 
Fair value of assets acquired
(Dollars in thousands)
Cash and cash equivalents$1,456 
Accounts receivable2,932 
Prepaid expenses and other current assets1,559 
Internally developed software8,600 
Internally Developed Software work-in-process1,787 
Intangible assets (excluding goodwill)26,667 
Deferred tax asset20,970 
Total Assets$63,971 
Fair value of liabilities acquired
Accounts payable and other liabilities10,268 
Total liabilities$10,268 
Fair Value of net assets acquired53,703 
Goodwill$44,474 
Schedule of Acquired Intangible Assets
Acquired intangible assets consisted of:
Intangible AssetFair Value (in thousands)Estimated Useful Life
Trade Name$1,025 5 years
Customer Relationships25,642 10 years
$26,667