Nature of Business and Summary of Significant Accounting Policies (Table)

12 Months Ended

Dec. 31, 2024

Summary of Property Plant And Equipment Estimated Useful Lives

The estimated useful lives of the Company's property and equipment are generally as follows:


Computer equipment			2-3 years
Auction and inspection equipment			2-5 years
Furniture and fixtures			5-7 years
Vehicles			5 years
Leasehold improvements			Lesser of economic life or lease term

Schedule Of Accounting Standards Update and Change in Accounting Principle

The following table provides a description of accounting standards that were adopted by the Company as well as standards that are not yet adopted that could have an impact to the consolidated financial statements upon adoption.



Accounting Standard Update	Description	Required date of adoption	Effect on consolidated financial statements


Accounting Standards Adopted

Improvements to Reportable Segment Disclosures (ASU 2023-07)	The guidance enhances reportable segment disclosure requirements for public entities, including entities with a single reportable segment.	December 31, 2024	The Company adopted the new disclosure requirements in Note 19 Segment Information. While the standard requires additional disclosures related to the Company's single reportable segment, the standard did not have any impact on the Company's consolidated financial position, results of operations or cash flows.

Accounting Standards Not Yet Adopted


Improvements to Income Tax Disclosures (ASU 2023-09)	The guidance enhances the transparency and decision usefulness of income tax disclosures.	December 31, 2025	The Company is currently evaluating the impact this guidance may have on the consolidated financial statements.
Reporting Comprehensive Income—Expense Disaggregation Disclosures (ASU 2024-03)	This guidance enhances the disaggregated disclosure of income statement expenses	December 31, 2027	The Company is currently evaluating the impact this guidance may have on the consolidated financial statements.