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Income Taxes (Tables)

3 Months Ended

Mar. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax (Benefit)/Expense

The income tax expense (benefit) for the three months ended March 31, 2025 and 2024, respectively, is comprised of the following components (dollar amounts in thousands):

			For the Three Months Ended March 31,
			2025						2024
Current income tax expense			$	653					$	163
Deferred income tax benefit			(5)						(274)
Total income tax expense (benefit)			$	648					$	(111)

Schedule of Deferred Tax Assets and Liabilities

The major sources of temporary differences included in the deferred tax assets (liabilities) and their deferred tax effect as of March 31, 2025 and December 31, 2024, respectively, are as follows (dollar amounts in thousands):

			March 31, 2025						December 31, 2024
Deferred tax assets
Net operating loss carryforward			$	6,936					$	9,671
Capital loss carryover			20,755						16,259
GAAP/Tax basis differences			3,640						11,346
Deferred tax assets			31,331						37,276
Less: Valuation allowance			(25,390)						(26,412)
Net deferred tax assets (1)			5,941						10,864
Deferred tax liabilities
GAAP/Tax basis differences			4,353						9,282
Deferred tax liabilities (2)			4,353						9,282
Total net deferred tax asset			$	1,588					$	1,582

(1)Included in other assets in the accompanying condensed consolidated balance sheets.

(2)Included in other liabilities in the accompanying condensed consolidated balance sheets.

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- References

No definition available.

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- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-9

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-2

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