v3.25.4
Note 23 - Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Federal net operating loss carryforward $ 15,274 $ 19,434
State and local net operating loss carryforward 3,362 4,293
Federal capital loss carryforward 12,470 12,020
Disallowed interest expense carryforward 829 885
Unrealized gain on debt (5,701) (5,712)
Investment in Operating LLC 16,006 13,141
Other 466 1,000
Other 0 (5)
Other 466 995
Gross deferred tax asset / (liability) 48,407 50,773
Gross deferred tax asset / (liability) (5,701) (5,717)
Gross deferred tax asset / (liability) 42,706 45,056
Less: valuation allowance (38,580) (42,799)
Net deferred tax asset / (liability) 9,827 7,974
Net deferred tax asset / (liability) (5,701) (5,717)
Net deferred tax asset / (liability) $ 4,126 $ 2,257