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FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2025

Fair Value Disclosures [Abstract]

Summary of New Revolving Facility and New Term Loan

New Revolving Facility and New Term Loan

									June 30, 2025
									Carrying amount						Fair value
New Revolving Facility									$	80,617					$	79,995
New Term Loan									28,280						29,097
									$	108,897					$	109,092

Existing Revolving Facility and Existing Term Loan

									December 31, 2024
									Carrying amount						Fair value
Existing Revolving Facility									$	82,582					$	84,422
Existing Term Loan									30,047						33,151
									$	112,629					$	117,573

Summary of Derivative Liabilities at Fair Value

The following table provides a roll forward of the aggregate fair value of the Company’s derivative liability – new term loan:

			Derivative Liability - New Term Loan
			Fair Value Measurement Using
			Level 1						Level 2						Level 3						Total
Balance at December 31, 2024			$	—					$	—					$	—					$	—
Issuance date fair value			—						—						3,558						3,558
Balance at June 30, 2025			$	—					$	—					$	3,558					$	3,558

Summary of Changes in Assumption at Fair Value

Changes in these assumptions can materially affect the fair value.

			June 30, 2025
Net originations risk premium			3.0%
Enterprise value volatility			25.0%
Net originations volatility			7.0%
Risk-free rate			4.1%

Summary of Warrant Liability Activity

Warrant Liability

			Warrant liability - Public (Level 1) & Private Warrants (Level 3)
			Fair Value Measurement Using
			Level 1						Level 2						Level 3						Total
Balance at December 31, 2024			$	76					$	—					$	2					$	78
Change in fair value			24						—						1						25
Balance at June 30, 2025			$	100					$	—					$	3					$	103

X

- Definition

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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Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

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Tabular disclosure of financial instrument classified as a derivative asset (liability) after deduction of derivative liability (asset) using recurring unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.

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