XML 142 R16.htm IDEA: XBRL DOCUMENT
v3.25.1

Property, Office Facilities, and Equipment, Net | 12 Months Ended
--- | ---
Dec. 31, 2024
Property, Office Facilities, and Equipment, Net [Abstract] |
Property, Office Facilities, and Equipment, Net | 9. Property, Office Facilities, and Equipment, Net Property, office facilities, and equipment consisted of the following as of the periods indicated:
|  | As of December 31, |
|  | 2024 |  |  | 2023 |
Property |  | $ | 6,815,000 |  |  | $ | 6,815,000 |
Office facilities |  |  | 4,165,000 |  |  |  | 2,475,000 |
Equipment |  |  | 945,000 |  |  |  | 726,000 |
Total Property, office facilities, and equipment |  |  | 11,925,000 |  |  |  | 10,016,000 |
Less accumulated depreciation |  |  | (1,680,000 | ) |  |  | (612,000 | )
Total Property, office facilities, and equipment, net |  | $ | 10,245,000 |  |  | $ | 9,404,000 |
Total depreciation expense for property, office facilities, and equipment was $814,000 and $589,000 for the years ended December 31, 2024 and 2023, respectively. On July 7, 2023, the Company entered into a new lease agreement for office space in the World Financial Center in New York City. For the years ended December 31, 2024 and 2023, the Company invested $828,000 and $129,000 to build out the New York office space, respectively. Depreciation expense commenced in March 2024, when the New York office space was placed into service. In the second quarter of 2024, the Company completed the construction of its office in Omaha, Nebraska, investing $211,000 during the year ended December 31, 2024. Miami Office Building On December 30, 2021, the Company purchased the Miami office building located at 653 Collins Ave, Miami Beach, FL (“Miami office building”). The Miami office building contains approximately 12,000 square feet of office space and serves as the headquarters of the Company. Depreciation expense commenced in April 2023 when the Miami office building was completed and placed in service. The Company invested $393,000 and $1,313,000 in the years ended December 31, 2024 and 2023, respectively, to build out the Miami office building.

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration