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FAIR VALUE MEASUREMENTS
 3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS
We record the fair value of assets and liabilities in accordance with ASC 820, Fair Value Measurement ("ASC 820"). ASC 820 defines fair value as the price received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date and in the principal or most advantageous market for that asset or liability. The fair value should be calculated based on assumptions that market participants would use in pricing the asset or liability, not on assumptions specific to the entity.
In addition to defining fair value, ASC 820 expands the disclosure requirements around fair value and establishes a fair value hierarchy for valuation inputs. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market. Each fair value measurement is reported in one of the three levels, which is determined by the lowest level input that is significant to the fair value measurement in its entirety.
The fair value of our reporting units was classified in Level 3 of the fair value hierarchy due to the significance of unobservable inputs developed using company-specific information. Refer to Note 4—Goodwill and Acquired Intangibles for further details.
These levels are:
•Level 1 - quoted prices (unadjusted) in active markets for identical assets or liabilities.
•Level 2 - quoted prices for similar assets and liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument.
•Level 3 - unobservable inputs reflecting management’s own assumptions about the inputs used in pricing the asset or liability at fair value.
Included in the fair value table are cash equivalents and marketable securities. Cash equivalents are comprised of money market funds, which approximates fair value at the balance sheet dates, due to the short period of time to maturity. Marketable Securities are comprised of 1,810,222 shares of PAR’s common stock issued as consideration for the Bridg Sale, which is valued based on PAR's stock price as of the balance sheet date. The fair value of cash equivalents and marketable securities are as follows (in thousands):
 March 31, 2026
 Level 1Level 2Level 3Total
Assets:
Cash equivalents
Money market funds$11,500 $— $— $11,500 
Marketable Securities
24,130 — — 24,130 
Total cash equivalents and marketable securities at fair value
$35,630 $— $— $35,630 
 December 31, 2025
 Level 1Level 2Level 3Total
Assets:
Cash equivalents
Money market funds$26,283 $— $— $26,283 
Total cash equivalents at fair value$26,283 $— $— $26,283 
During the three months ended March 31, 2026, the Company recorded an unrealized loss of $1.3 million related to the change in fair value of 1,810,222 shares of PAR’s common stock held since the Closing Date. This loss is recognized within Loss on investments in our condensed consolidated statement of operations for the three months ended March 31, 2026. Subsequent to March 31, 2026, the Company sold all 1,810,222 shares of PAR’s common stock for cash proceeds of $23.0 million, net of fees, resulting in a total realized loss related to the change in fair value of $2.2 million year to date.