Quarterly report [Sections 13 or 15(d)]

Fair Value Measurements (Tables)

v3.25.3
Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2025
Fair Value Measurements [Abstract]  
Schedule of Company’s Assets and Liabilities Measured at Fair Value on a Recurring Basis The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis as of September 30, 2025 and December 31, 2024, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:
Description   Level   September 30,
2025		     December 31,
2024		  
Assets:                
Investments   1   $ 5,058     $ 8,856  
                     
Liabilities:                    
Earn-out liabilities   3   $ 560     $ 711  
Schedule of Company’s Investments

The Company’s investments consisted of the following as of September 30, 2025:

 

    Cost     Unrealized Gain
(Loss)		     Fair Value  
Money market fund   $ 1,774     $
        —
     $ 1,774  
Corporate bonds     1,970       20       1,990  
Mutual funds     1,290       4       1,294  
    $ 5,034     $ 24     $ 5,058  

 

The Company’s investments consisted of the following as of December 31, 2024:

 

    Cost     Unrealized Gain
(Loss)		     Fair Value  
Money market fund   $ 4,843     $
        —
     $ 4,843  
Corporate bonds     2,958       (6 )     2,952  
Mutual funds     267      
—
       267  
US Treasury bills     798       (4 )     794  
    $ 8,866     $ (10 )   $ 8,856  
Schedule of Estimate the Fair Value of the Earn-Out Liabilities The following table summarizes the key unobservable inputs into the models used to estimate the fair value of the earn-out liabilities at September 30, 2025:
Unobservable Inputs   September 30,
2025
Projected annual gross profit   $907 - $4,398
Earnout percentage   40.0% - 45.0%
Expected volatility   25.0%
Risk-free rate   3.6% - 4.2%
Discount rate   5.0% - 5.2%
Required Metric Risk Premium   5.3% - 7.7%
Time period to settlement   0.2 - 2.2 years
Schedule of Reconciliation of Earn-out liability

A reconciliation of the earn-out liabilities is included below:

 

Balance as of December 31, 2024   $ 711  
Payments earned and paid     (151 )
Balance as of September 30, 2025   $ 560  
         
Current portion of contingent earn-out liabilities   $ 105  
Long-term contingent earn-out liabilities   $ 455