| Schedule of Disposal Groups, Including Discontinued Operations |
The major classes of assets and liabilities included in discontinued operations were as follows: | | | | | | | | | | | | | September 30, 2026 | | December 31, 2025 | | Assets: | | | | | Prepaid expenses and other assets | $ | 2,221 | | | $ | 2,221 | | | Total assets | $ | 2,221 | | | $ | 2,221 | | | | | | | Liabilities: | | | | | Accrued expenses and other liabilities | $ | 830 | | | $ | 830 | | | Total liabilities | $ | 830 | | | $ | 830 | |
Revenues, expenses and income from discontinued operations for the three and nine months ended September 30, 2026 and 2025 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
September 30, | | Nine Months Ended
September 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Revenues: | | | | | | | | | Services and fees | $ | — | | | $ | — | | | $ | — | | | $ | 40,575 | | | Operating expenses: | | | | | | | | | Selling, general and administrative expenses | — | | | — | | | — | | | 34,205 | | | Operating income | — | | | — | | | — | | | 6,370 | | | Other income (expense): | | | | | | | | | Interest income | — | | | — | | | — | | | 7 | | | (Loss) gain on disposal of discontinued operations before income taxes | (2,401) | | | — | | | (2,401) | | | 66,795 | | Interest expense(1) | — | | | (1,866) | | | — | | | (1,866) | | | (Loss) income from discontinued operations before income taxes | (2,401) | | | (1,866) | | | (2,401) | | | 71,306 | | | Provision for income taxes | — | | | — | | | — | | | (465) | | (Loss) income from discontinued operations, net of income taxes(2) | $ | (2,401) | | | $ | (1,866) | | | $ | (2,401) | | | $ | 70,841 | | | | | | | | | |
| | | | | | (1) | Interest expense for discontinued operations amounted to $(1,866) for the three and nine months ended September 30, 2025, related to debt that was required to be repaid as a result of the GlassRatner and Farber transaction described above. | (2) | Loss from discontinued operations, net of income taxes, was $2,401 for the three and nine months ended September 30, 2026, due to the write-off of a purchase price holdback related to the sale of GlassRatner and Farber, compared to (loss) income from discontinued operations, net of income taxes, of $1,866 and $70,841 for the three and nine months ended September 30, 2025, respectively. The income for the nine months ended September 30, 2025 was primarily due to the gain on the sale of GlassRatner and Farber. |
Cash flows from discontinued operations were as follows: | | | | | | | Nine Months Ended | | September 30, 2025 | | Net cash from discontinued operations provided by (used in): | | | Operating activities | $ | 20,156 | | | Investing activities | 114,032 | | | Financing activities | (142,715) | | | Effect of foreign currency on cash | 502 | | | Net decrease in cash and cash equivalents | $ | (8,025) | |
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| Schedule of Supplemental Disclosures from Cash Flows |
Supplemental disclosures from cash flows were as follows: | | | | | | | Nine Months Ended | | September 30, 2025 | | Interest paid - Continuing Operations | $ | 74,095 | | | Interest paid - Discontinued Operations | 1,866 | | | Interest paid - Total | $ | 75,961 | | | Taxes paid - Continuing Operations | $ | 2,888 | | | Taxes paid - Discontinued Operations | — | | | Taxes paid - Total | $ | 2,888 | |
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