Pay vs Performance Disclosure - USD ($)
Dec. 31, 2023
Nov. 10, 2023
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Pay Versus Performance
As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between executive compensation actually paid and certain financial performance measures of the Company. The disclosure included in this section is prescribed by SEC rules and does not necessarily align with how the Company or the Compensation Committee view the link between the Company’s performance and named executive officer pay. For further information regarding our compensation philosophy and how we seek to align executive compensation with the Company’s performance, refer to “Executive Compensation.”
The following table sets forth the “compensation actually paid”, as calculated under SEC rules, for (i) our principal executive officer (PEO), Matthew D. Reback, and (ii) our non-PEO named executive officers ("Non-PEO NEOs") on an average basis for the fiscal years presented below.
| Year | Summary Compensation Table Total for Current PEO - Matthew D. Reback (1)(2) | Summary Compensation Table Total for Former PEO – Todd P. Cravens (1)(3) | Compensation Actually Paid to Current PEO - Matthew D. Reback (2)(4) | Compensation Actually Paid to Former PEO - Todd P. Cravens (3)(4) | Average Summary Compensation Table Total for Non-PEO NEOs (5) | Average Compensation Actually Paid to Non-PEO NEOs (6) | Value of Initial Fixed $100 Investment Based on Total Shareholder Return (7)(8) | Net Income (Loss) (9) | Adjusted EBITDA (10) | ||||||||||||||||||
| 2025 | $ | 406,519 | - | $ | 311,563 | - | $ | 354,126 | $ | 298,481 | $ | 117 | $ | 1,483,619 | $ | 13,257,035 | |||||||||||
| 2024 | $ | 762,174 | - | $ | 1,042,137 | - | $ | 346,229 | $ | 495,505 | $ | 113 | $ | (2,627,110 | ) | $ | 13,040,932 | ||||||||||
| 2023 | $ | 446,896 | $ | 613,172 | $ | 473,281 | $ | 564,035 | $ | 322,173 | $ | 276,440 | $ | 78 | $ | (1,807,586 | ) | $ | 10,634,869 | ||||||||
(1)
Represents the amounts of total compensation reported in the "Total" column of the Summary Compensation Table for the applicable year.
(2)
Matthew D. Reback, our current principal executive officer ("Current PEO"), has served as our PEO since November 13, 2023.
(3)
Todd P. Cravens, our former principal executive officer ("Former PEO"), served as our PEO for the years ended December 31, 2021 and 2022 and through November 10, 2023.
(4)
Represents the amounts of “compensation actually paid”, as computed in accordance with SEC rules. The amounts do not reflect the actual compensation earned by or paid to the PEO during the applicable year. In accordance with SEC rules, the following adjustments were made to the PEO's total compensation to determine the compensation actually paid:
| PEO | Year | Reported Summary Compensation Table Total for PEO | Deduct Reported Value of Equity Awards (a) | Add Equity Award Adjustments (b) | Compensation Actually Paid to PEO | ||||||||
| Matthew D. Reback | 2025 | 406,519 | - | (94,956 | ) | 311,563 | |||||||
| Matthew D. Reback | 2024 | 762,174 | 194,600 | 474,563 | 1,042,137 | ||||||||
| Matthew D. Reback | 2023 | 446,896 | 410,863 | 437,248 | 473,281 | ||||||||
| Todd P. Cravens | 2025 | - | - | - | - | ||||||||
| Todd P. Cravens | 2024 | - | - | - | - | ||||||||
| Todd P. Cravens | 2023 | 613,172 | 50,000 | 863 | 564,035 |
(a)
The reported value of equity awards represents the amount reported in the "Stock Awards" and "Option Awards" columns of the Summary Compensation Table for the applicable year.
(b)
The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in the same applicable year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments are as follows:
| PEO | Year | Year End Fair
Value of Outstanding and Unvested Equity Awards Granted in the Year | Change in Fair Value as of the End of the Year of Outstanding and Unvested Equity Awards Granted in Prior Years | Fair Value as
of Vesting Date of Equity Awards Granted and Vested in the Year | Change in Fair Value as of the Vesting Date of Equity Awards Granted in Prior Years that Vested in the Year | Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year | Value of
Dividends of or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value | Total Equity
Award Adjustments | ||||||||||||||
| Matthew D. Reback | 2025 | - | (50,337 | ) | - | (44,619 | ) | - | - | (94,956 | ) | |||||||||||
| Matthew D. Reback | 2024 | - | 203,727 | 194,600 | 76,236 | - | - | 474,563 | ||||||||||||||
| Matthew D. Reback | 2023 | 437,248 | - | - | - | - | - | 437,248 | ||||||||||||||
| Todd P. Cravens | 2025 | - | - | - | - | - | - | - | ||||||||||||||
| Todd P. Cravens | 2024 | - | - | - | - | - | - | - | ||||||||||||||
| Todd P. Cravens | 2023 | - | - | - | 863 | - | - | 863 |
(5)
Represents the average of the amounts reported for the Company’s Non-PEO NEOs in the “Total” column of the Summary Compensation Table in each applicable year. The names of the NEOs included for purposes of calculating the average amounts in each applicable year are: (i) for 2025, Steven Kopjo, (ii) for 2024, Steven Kopjo and Harry Hagerty and (iii) for 2023, Harry Hagerty. The Company did not have any other NEOs in the years presented.
(6)
The dollar amounts reported represent the average amount of “compensation actually paid” to the Non-PEO NEOs identified in footnote (5), as computed in accordance with SEC rules. The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the Non-PEO NEOs during the applicable year. In accordance with SEC rules, the following adjustments were made to the total compensation of each Non-PEO NEO to determine compensation actually paid, using the same methodology described above in footnote (4). For 2025 and 2023, only one individual served as a Non-PEO NEO in each year, so the amounts shown for that individual are the average amounts for those years. For 2024, two individuals served as Non-PEO NEOs, and the tables below present the reconciliation for each individually. On an average basis for 2024, the reported Summary Compensation Table total was $346,229, the deduction for the reported value of equity awards was $127,004, and the equity award adjustments were $276,280, resulting in average compensation actually paid of $495,505.
| NEO | Year | Reported Summary
Compensation Table Total for Non-PEO NEO | Deduct Reported Value of Equity Awards (a) | Add Equity Award Adjustments (b) | Compensation Actually
Paid to Non-PEO NEO | ||||||||
| Steven J. Kopjo | 2025 | 354,126 | - | (55,645 | ) | 298,481 | |||||||
| Steven J. Kopjo | 2024 | 401,400 | 254,008 | 582,310 | 729,702 | ||||||||
| Steven J. Kopjo | 2023 | - | - | - | - | ||||||||
| Harry C. Hagerty | 2025 | - | - | - | - | ||||||||
| Harry C. Hagerty | 2024 | 291,058 | - | (29,750 | ) | 261,308 | |||||||
| Harry C. Hagerty | 2023 | 322,173 | - | (45,733 | ) | 276,440 |
(a)
The reported value of equity awards represents the amount reported in the "Stock Awards" and "Option Awards" columns of the Summary Compensation Table for the applicable year.
(b)
The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in the same applicable year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments are as follows:
| NEO | Year | Year End Fair
Value of Outstanding and Unvested EquityAwards Granted in the Year | Change in
Fair Value as of the End of the Year of Outstanding and Unvested EquityAwards Granted in Prior Years | Fair Value as of Vesting Date of Equit Awards Granted and Vested in the Year | Change in Fair Value as of the Vesting Date of Equity Awards Granted in Prior Years that Vested in the Year | Fair Value at
the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year | Value of Dividends of or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value | Total Equity
Award Adjustments | ||||||||||||
| Steven J. Kopjo | 2025 | - | (39,366 | ) | - | (16,279 | ) | - | - | (55,645 | ) | |||||||||
| Steven J. Kopjo | 2024 | 582,310 | - | - | - | - | - | 582,310 | ||||||||||||
| Steven J. Kopjo | 2023 | - | - | - | - | - | - | - | ||||||||||||
| Harry C. Hagerty | 2025 | - | - | - | - | - | - | - | ||||||||||||
| Harry C. Hagerty | 2024 | - | - | - | (29,750 | ) | - | - | (29,750 | ) | ||||||||||
| Harry C. Hagerty | 2023 | - | (39,967 | ) | - | (5,766 | ) | - | - | (45,733 | ) |
(7)
The Company’s closing stock prices were $2.860, $2.766, $1.900 and $2.440 for the years ended December 31, 2025, 2024, 2023 and 2022, respectively.
(8)
The cumulative Total Shareholder Return (“TSR”) is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between the Company’s share price at the end and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period. The Company has never declared or paid cash dividends on its common stock.
(9)
The dollar amounts reported represent the amount of net income or loss reflected in the Company's audited financial statements for the applicable year.
(10)
The Company's selected measure is Adjusted EBITDA. Adjusted EBITDA, is a non-GAAP financial metric and includes adjustments to net income (loss) to exclude interest, income taxes, depreciation, amortization, share-based compensation, foreign currency exchange loss, change in fair value of interest rate swap liability, severance, other expenses related to litigation, CEO transition expenses, loss on disposal of assets, professional fees, acquisition costs and other expenses.
(2)
Matthew D. Reback, our current principal executive officer ("Current PEO"), has served as our PEO since November 13, 2023.
(3)
Todd P. Cravens, our former principal executive officer ("Former PEO"), served as our PEO for the years ended December 31, 2021 and 2022 and through November 10, 2023.
(5)
Represents the average of the amounts reported for the Company’s Non-PEO NEOs in the “Total” column of the Summary Compensation Table in each applicable year. The names of the NEOs included for purposes of calculating the average amounts in each applicable year are: (i) for 2025, Steven Kopjo, (ii) for 2024, Steven Kopjo and Harry Hagerty and (iii) for 2023, Harry Hagerty. The Company did not have any other NEOs in the years presented.
(4)
Represents the amounts of “compensation actually paid”, as computed in accordance with SEC rules. The amounts do not reflect the actual compensation earned by or paid to the PEO during the applicable year. In accordance with SEC rules, the following adjustments were made to the PEO's total compensation to determine the compensation actually paid:
| PEO | Year | Reported Summary Compensation Table Total for PEO | Deduct Reported Value of Equity Awards (a) | Add Equity Award Adjustments (b) | Compensation Actually Paid to PEO | ||||||||
| Matthew D. Reback | 2025 | 406,519 | - | (94,956 | ) | 311,563 | |||||||
| Matthew D. Reback | 2024 | 762,174 | 194,600 | 474,563 | 1,042,137 | ||||||||
| Matthew D. Reback | 2023 | 446,896 | 410,863 | 437,248 | 473,281 | ||||||||
| Todd P. Cravens | 2025 | - | - | - | - | ||||||||
| Todd P. Cravens | 2024 | - | - | - | - | ||||||||
| Todd P. Cravens | 2023 | 613,172 | 50,000 | 863 | 564,035 |
(a)
The reported value of equity awards represents the amount reported in the "Stock Awards" and "Option Awards" columns of the Summary Compensation Table for the applicable year.
(b)
The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in the same applicable year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments are as follows:
| PEO | Year | Year End Fair
Value of Outstanding and Unvested Equity Awards Granted in the Year | Change in Fair Value as of the End of the Year of Outstanding and Unvested Equity Awards Granted in Prior Years | Fair Value as
of Vesting Date of Equity Awards Granted and Vested in the Year | Change in Fair Value as of the Vesting Date of Equity Awards Granted in Prior Years that Vested in the Year | Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year | Value of
Dividends of or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value | Total Equity
Award Adjustments | ||||||||||||||
| Matthew D. Reback | 2025 | - | (50,337 | ) | - | (44,619 | ) | - | - | (94,956 | ) | |||||||||||
| Matthew D. Reback | 2024 | - | 203,727 | 194,600 | 76,236 | - | - | 474,563 | ||||||||||||||
| Matthew D. Reback | 2023 | 437,248 | - | - | - | - | - | 437,248 | ||||||||||||||
| Todd P. Cravens | 2025 | - | - | - | - | - | - | - | ||||||||||||||
| Todd P. Cravens | 2024 | - | - | - | - | - | - | - | ||||||||||||||
| Todd P. Cravens | 2023 | - | - | - | 863 | - | - | 863 |
(6)
The dollar amounts reported represent the average amount of “compensation actually paid” to the Non-PEO NEOs identified in footnote (5), as computed in accordance with SEC rules. The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the Non-PEO NEOs during the applicable year. In accordance with SEC rules, the following adjustments were made to the total compensation of each Non-PEO NEO to determine compensation actually paid, using the same methodology described above in footnote (4). For 2025 and 2023, only one individual served as a Non-PEO NEO in each year, so the amounts shown for that individual are the average amounts for those years. For 2024, two individuals served as Non-PEO NEOs, and the tables below present the reconciliation for each individually. On an average basis for 2024, the reported Summary Compensation Table total was $346,229, the deduction for the reported value of equity awards was $127,004, and the equity award adjustments were $276,280, resulting in average compensation actually paid of $495,505.
| NEO | Year | Reported Summary
Compensation Table Total for Non-PEO NEO | Deduct Reported Value of Equity Awards (a) | Add Equity Award Adjustments (b) | Compensation Actually
Paid to Non-PEO NEO | ||||||||
| Steven J. Kopjo | 2025 | 354,126 | - | (55,645 | ) | 298,481 | |||||||
| Steven J. Kopjo | 2024 | 401,400 | 254,008 | 582,310 | 729,702 | ||||||||
| Steven J. Kopjo | 2023 | - | - | - | - | ||||||||
| Harry C. Hagerty | 2025 | - | - | - | - | ||||||||
| Harry C. Hagerty | 2024 | 291,058 | - | (29,750 | ) | 261,308 | |||||||
| Harry C. Hagerty | 2023 | 322,173 | - | (45,733 | ) | 276,440 |
(a)
The reported value of equity awards represents the amount reported in the "Stock Awards" and "Option Awards" columns of the Summary Compensation Table for the applicable year.
(b)
The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in the same applicable year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments are as follows:
| NEO | Year | Year End Fair
Value of Outstanding and Unvested EquityAwards Granted in the Year | Change in
Fair Value as of the End of the Year of Outstanding and Unvested EquityAwards Granted in Prior Years | Fair Value as of Vesting Date of Equit Awards Granted and Vested in the Year | Change in Fair Value as of the Vesting Date of Equity Awards Granted in Prior Years that Vested in the Year | Fair Value at
the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year | Value of Dividends of or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value | Total Equity
Award Adjustments | ||||||||||||
| Steven J. Kopjo | 2025 | - | (39,366 | ) | - | (16,279 | ) | - | - | (55,645 | ) | |||||||||
| Steven J. Kopjo | 2024 | 582,310 | - | - | - | - | - | 582,310 | ||||||||||||
| Steven J. Kopjo | 2023 | - | - | - | - | - | - | - | ||||||||||||
| Harry C. Hagerty | 2025 | - | - | - | - | - | - | - | ||||||||||||
| Harry C. Hagerty | 2024 | - | - | - | (29,750 | ) | - | - | (29,750 | ) | ||||||||||
| Harry C. Hagerty | 2023 | - | (39,967 | ) | - | (5,766 | ) | - | - | (45,733 | ) |
(b)
The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in the same applicable year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments are as follows:
| PEO | Year | Year End Fair
Value of Outstanding and Unvested Equity Awards Granted in the Year | Change in Fair Value as of the End of the Year of Outstanding and Unvested Equity Awards Granted in Prior Years | Fair Value as
of Vesting Date of Equity Awards Granted and Vested in the Year | Change in Fair Value as of the Vesting Date of Equity Awards Granted in Prior Years that Vested in the Year | Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year | Value of
Dividends of or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value | Total Equity
Award Adjustments | ||||||||||||||
| Matthew D. Reback | 2025 | - | (50,337 | ) | - | (44,619 | ) | - | - | (94,956 | ) | |||||||||||
| Matthew D. Reback | 2024 | - | 203,727 | 194,600 | 76,236 | - | - | 474,563 | ||||||||||||||
| Matthew D. Reback | 2023 | 437,248 | - | - | - | - | - | 437,248 | ||||||||||||||
| Todd P. Cravens | 2025 | - | - | - | - | - | - | - | ||||||||||||||
| Todd P. Cravens | 2024 | - | - | - | - | - | - | - | ||||||||||||||
| Todd P. Cravens | 2023 | - | - | - | 863 | - | - | 863 |
(b)
The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in the same applicable year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments are as follows:
| NEO | Year | Year End Fair
Value of Outstanding and Unvested EquityAwards Granted in the Year | Change in
Fair Value as of the End of the Year of Outstanding and Unvested EquityAwards Granted in Prior Years | Fair Value as of Vesting Date of Equit Awards Granted and Vested in the Year | Change in Fair Value as of the Vesting Date of Equity Awards Granted in Prior Years that Vested in the Year | Fair Value at
the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year | Value of Dividends of or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value | Total Equity
Award Adjustments | ||||||||||||
| Steven J. Kopjo | 2025 | - | (39,366 | ) | - | (16,279 | ) | - | - | (55,645 | ) | |||||||||
| Steven J. Kopjo | 2024 | 582,310 | - | - | - | - | - | 582,310 | ||||||||||||
| Steven J. Kopjo | 2023 | - | - | - | - | - | - | - | ||||||||||||
| Harry C. Hagerty | 2025 | - | - | - | - | - | - | - | ||||||||||||
| Harry C. Hagerty | 2024 | - | - | - | (29,750 | ) | - | - | (29,750 | ) | ||||||||||
| Harry C. Hagerty | 2023 | - | (39,967 | ) | - | (5,766 | ) | - | - | (45,733 | ) |
(10)
The Company's selected measure is Adjusted EBITDA. Adjusted EBITDA, is a non-GAAP financial metric and includes adjustments to net income (loss) to exclude interest, income taxes, depreciation, amortization, share-based compensation, foreign currency exchange loss, change in fair value of interest rate swap liability, severance, other expenses related to litigation, CEO transition expenses, loss on disposal of assets, professional fees, acquisition costs and other expenses.