Business Combination (Tables)

12 Months Ended

Dec. 31, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table sets forth the acquisition date fair value of the assets acquired and liabilities assumed in connection with the Acquisition.

	Acquisition Date Fair Value (dollars in thousands)
Cash and cash equivalents	$	2,694
Accounts receivable	2,983
Prepaid operating expenses	120
Deposits	90
Fixed assets, net of accumulated depreciation	2,698
Intangible assets	20,950
Right-of-use asset	4,315
Goodwill	22,152
Total assets acquired	$	56,002
Accounts payable and accrued expenses	479
Accrued bonus	5,482
Accrued vacation	101
Lease liability	4,315
Total liabilities assumed	$	10,377
Net assets acquired	$	45,626

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

Below is a summary of the intangible assets acquired in the Acquisition:

	Fair Value (dollars in thousands)		Weighted Average Estimated Useful Life (in years)
Investment management agreement	$	50	2
Subadvisory management agreements	17,700		8
Developed technology	3,200		4
Total intangible assets	$	20,950