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Debt obligations (Tables) | 12 Months Ended
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Dec. 31, 2025
Debt Disclosure [Abstract] |
Schedule of Debt Obligations | Debt obligations consisted of the following as of December 31, 2025 and December 31, 2024:
As of December 31, 2025 |  | Maturity date |  | Stated interest rate |  | Effective interest rate |  | Extension options |  | Total facility |  | Outstanding balance
MLC US Holdings Credit Facility 1 |  | August 2027 |  | SOFR +7.50% |  | 11.8 | % |  | N/A |  | $ | 40,000 |  |  | $ | 38,000 |
Seller note — Ability Acquisition |  | October 2031 |  | 5.0 | % |  | 5.0 | % |  | N/A |  | 15,000 |  |  | 15,000 |
Debenture units 2 |  | January 2032 |  | 8.5 | % |  | 8.9 | % |  | N/A |  | 21,252 |  |  | 24,075 |
Total debt |  |  |  |  |  |  |  |  |  | $ | 76,252 |  |  | $ | 77,075 |
_______________ (1)The MLC US Holdings Credit Facility is secured by all assets and interests in assets and proceeds owned and acquired by MLC US Holdings. (2)The warrants issued with the Initial Debenture Units are recorded in equity at fair value upon issuance and therefore are not required to be subsequently remeasured at fair value on an ongoing basis.
December 31, 2024 |  | Maturity date |  | Stated interest rate |  | Effective interest rate |  | Extension options |  | Total facility |  | Outstanding balance
Seller note — Capitala Acquisition 1 |  | July 2025 |  | — | % |  | — | % |  | N/A |  | $ | 4,000 |  |  | $ | 1,471 |
MLC US Holdings Credit Facility 2 |  | August 2027 |  | SOFR +7.50% |  | 12.4 | % |  | N/A |  | 40,000 |  |  | 40,000 |
Seller note — Ability Acquisition |  | October 2031 |  | 5.0 | % |  | 5.0 | % |  | N/A |  | 15,000 |  |  | 15,000 |
Debenture units 3 |  | January 2032 |  | 8.5 | % |  | 8.9 | % |  | N/A |  | 18,752 |  |  | 19,821 |
Total debt |  |  |  |  |  |  |  |  |  | $ | 77,752 |  |  | $ | 76,292 |
_______________ (1)The Company elected FVO for the Seller note – Capitala Acquisition. The following balance represents the fair value of the note as of December 31, 2024. (2)The MLC US Holdings Credit Facility is secured by all assets and interests in assets and proceeds owned and acquired by MLC US Holdings. (3)The warrants issued with the Initial Debenture Units are recorded in equity at fair value upon issuance and therefore are not required to be subsequently remeasured at fair value on an ongoing basis. Ability has the following surplus notes outstanding as of December 31, 2025 and December 31, 2024:
As of December 31, 2025 |  | Date issued |  | Date of maturity |  | Interest rate |  | Par value |  | Carrying value of note
Sentinel Security Life Insurance Company |  | February, 2013 |  | June 2028 |  | 5.00 | % |  | $ | 2,250 |  |  | $ | 2,250 |
Revol One Insurance Company (formerly known as Pavonia Life Insurance Company of Michigan) |  | August, 2023 |  | December, 2032 |  | 10.00 | % |  | 12,000 |  |  | 12,000 |
Atlantic Coast Life Insurance Company |  | March, 2025 |  | March, 2033 |  | SOFR+6.00% |  | 3,000 |  |  | 3,000 |
Total surplus notes |  |  |  |  |  |  |  | $ | 17,250 |  |  | $ | 17,250 |
As of December 31, 2024 |  | Date issued |  | Date of maturity |  | Interest rate |  | Par value |  | Carrying value of note
Sentinel Security Life Insurance Company |  | February, 2013 |  | June, 2028 |  | 5.00 | % |  | $ | 2,250 |  |  | $ | 2,250 |
Revol One Insurance Company (formerly known as Pavonia Life Insurance Company of Michigan) |  | August, 2023 |  | December, 2032 |  | 10.00 | % |  | 12,000 |  |  | 12,000 |
Total surplus notes |  |  |  |  |  |  |  | $ | 14,250 |  |  | $ | 14,250 |
Schedule of Maturities of Long-Term Debt | The scheduled principal repayments are as follows:
As of |  |  |  | 2025
2026 |  |  |  | $ | 5,500 |
2027 |  |  |  | 38,500
2028 |  |  |  | 3,000
2029 |  |  |  | 3,000
2030 |  |  |  | 3,000 |
2031 and thereafter |  |  |  | 24,075
|  |  |  | $ | 77,075 |
Transaction costs (net of amortization) |  |  |  | (825)
Total debt |  |  |  | $ | 76,250 |

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