Quarterly report [Sections 13 or 15(d)]

FINANCIAL INSTRUMENTS (Tables)

v3.25.1
FINANCIAL INSTRUMENTS (Tables)
3 Months Ended
Mar. 31, 2025
Investments, All Other Investments [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table sets forth the Company’s financial assets and liabilities, subject to fair value measurements on a recurring basis, by level within the fair value hierarchy:
March 31, 2025 (unaudited) December 31, 2024
Financial liabilities: (1)
Derivative liabilities (2)
$ 2,883  $ 3,128 
Contingent consideration liabilities (3)
—  5,912 
Total financial liabilities $ 2,883  $ 9,040 
(1)The Company has no financial assets or liabilities in Level 1 or 2 within the fair value hierarchy as of March 31, 2025 and December 31, 2024, and there were no transfers between hierarchy levels during the three months ended March 31, 2025 or year ended December 31, 2024.
(2)Refer to Note 9 - Derivative Liabilities.
(3)This was related to the acquisitions of Statewide and RJK. During the three months ended March 31, 2025, the balance was reclassified as debt upon the completion of both acquisitions. Refer to Note 8 - Debt for more information.