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Investments (Tables)

9 Months Ended

Sep. 30, 2025

Investments [Abstract]

Schedule of Investments

The following is a summary of the Company’s investments:

		September 30, 2025								December 31, 2024
		Carrying Value				Cost				Carrying Value				Cost
Fnality International Limited—Series B-1 Preference Shares		$	8,080			$	8,091			$	8,235			$	8,091
Fnality International Limited—Series C-1 Preference Shares			14,396				14,227				—				—
Quorus Inc.—Series Seed-1 Preferred Stock			4,000				4,000				—				—
Other investments			—				—				687				674
Total		$	26,476			$	26,318			$	8,922			$	8,765

Schedule of Inputs Used in the Backsolve Valuation Approach

The table below presents the inputs used in the backsolve valuation approach (classified as Level 3 in the fair value hierarchy):

		Inputs
		September 10, 2025
Expected volatility			55%
Time to exit (in years)			5.00
Probability of regulatory approval or qualified financing before time to exit			100%

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Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

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