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v3.25.1

Derivative Instruments (Tables) | 3 Months Ended
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Mar. 31, 2025
Summary of Gross Fair Values of Individual Derivative Instruments | The following tables summarize the gross fair values of individual derivative instruments and the impact of legal rights of offset as reported in the Consolidated Balance Sheets as of March 31, 2025 and December 31, 2024:
| March 31, 2025 |  | December 31, 2024
| Gross Amounts of Recognized Assets / Liabilities |  | Gross Amounts Offset in the Consolidated Balance Sheet |  | Net Amounts of Assets/ Liabilities Presented in the Consolidated Balance Sheet |  | Gross Amount of Collateral Received / Pledged Not Offset in the Consolidated Balance Sheet |  | Net Amount |  | Gross Amounts of Recognized Assets / Liabilities |  | Gross Amounts Offset in the Consolidated Balance Sheet |  | Net Amounts of Assets/ Liabilities Presented in the Consolidated Balance Sheet |  | Gross Amount of Collateral Received / Pledged Not Offset in the Consolidated Balance Sheet |  | Net Amount
Other assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
FX forwards | 210 |  |  | — |  |  | 210 |  |  | — |  |  | 210 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total derivative assets | $ | 210 |  |  | $ | — |  |  | $ | 210 |  |  | $ | — |  |  | $ | 210 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Other liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
FX forwards | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 317 |  |  | — |  |  | 317 |  |  | — |  |  | 317 |
Total derivative liabilities | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 317 |  |  | $ | — |  |  | $ | 317 |  |  | $ | — |  |  | $ | 317 |
Summary of Location and Amount of Gains and Losses of Derivative Contracts | The following tables summarize the location and amount of gains and losses of derivative contracts in the Unaudited Consolidated Statements of Total Comprehensive Income (Loss) for the three months ended March 31, 2025 and 2024:
| Location of Gain (Loss) Recognized in Consolidated Statements of Total Comprehensive Income (Loss) |  | Amount of Gain (Loss) Recognized in Consolidated Statement of Total Comprehensive Income (Loss)
|  | Three Months Ended March 31, |  |
|  | 2025 |  | 2024 |  |  |  |
Derivatives: |  |  |  |  |  |  |  |  |
Warrants | Net gains (losses) on derivative contracts |  | — |  |  | (48) |  |  |  |  |
FX forwards | Net gains (losses) on derivative contracts |  | 427 |  |  | — |  |  |  |  |
Total derivatives |  |  | $ | 427 |  |  | $ | (48) |  |  |  |  |
Schedule of Foreign Exchange Contracts, Statement of Financial Position | Information about FX forward contracts as of March 31, 2025 and December 31, 2024, is summarized below:
Derivative Type |  | Weighted Average Remaining Term (years) |  | Face Amount (Buy) |  | Face Amount (Sell) |  | Fair Value Asset (Liability)
March 31, 2025 |  |  |  |  |  |  |  |
FX Forwards-Buy GBP/Sell USD |  | 0.56 |  | 11,784 |  |  | 15,000 |  |  | 200 |
FX Forwards-Buy GBP/Sell CAD |  | 0.74 |  | 2,457 |  |  | 4,500 |  |  | 10 |
December 31, 2024 |  |  |  |  |  |  |  |
FX Forwards-Buy GBP/Sell USD |  | 0.61 |  | 15,720 |  |  | 20,000 |  |  | (317) |
FX Forwards-Buy USD/Sell GBP |  | 0.00 |  | — |  |  | — |  |  | — |
FX Forwards-Buy GBP/Sell CAD |  | 0.00 |  | — |  | — |  | —

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- Definition Tabular disclosure of derivative instruments (including nonderivative instruments that are designated and qualify as hedging instruments) of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A + Details
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- Definition Tabular disclosure of the presentation of foreign exchange contracts on the statement of financial position, including the fair value amounts and location of such amounts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
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- Definition Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 4CC -SubTopic 10 -Topic 815 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4CC + Details
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