Commitments and Contingencies

6 Months Ended

Jun. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

10. Commitments and contingencies

(a) Capital commitment

The Company incurred data costs of $2,406 and $2,358 for the three months ended June 30, 2024 and 2023, respectively, and $4,840 and $4,719 for the six months ended June 30, 2024 and 2023, under certain data licensing agreements. As of June 30, 2024, material capital commitments under certain data licensing agreements were $17,949, shown as follows:


(In thousands)
Year	June 30, 2024
Remainder of 2024	$	4,281
2025		8,560
2026		4,869
2027		239
Total	$	17,949

(b) Contingencies

The Company establishes accruals for those contingencies where the incurrence of a loss is probable and can be reasonably estimated, and it discloses the amount accrued and the amount of a reasonably possible loss in excess of the amount accrued, if such disclosure is necessary for its financial statements to not be misleading. To estimate whether a loss contingency should be accrued by a charge to income, the Company evaluates, among other factors, the degree of probability of an unfavorable outcome and the ability to make a reasonable estimate of the amount of the loss. The Company does not record liabilities when the likelihood that the liability has been incurred is probable, but the amount cannot be reasonably estimated.

In addition to the foregoing, the Company may be involved in litigation from time to time in the ordinary course of business. The Company does not believe that the ultimate resolution of any such matters will have a material adverse effect on its business, financial condition, results of operations or cash flows. However, the results of such matters cannot be predicted with certainty and the Company cannot assure you that the ultimate resolution of any legal or administrative proceeding or dispute will not have a material adverse effect on its business, financial condition, results of operations and cash flows.