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Consolidated Statements of Changes in Permanent Equity (Deficit) - USD ($)
$ in Thousands
Total
Class A Common Stock
Class A Common Stock
IPO
Redeemable Class B Common Units
Members' equity (deficit)
Common Stock
Class A Common Stock
Common Stock
Class A Common Stock
IPO
Common Stock
Class B Common Stock
Common Stock
Class B Common Stock
IPO
Additional paid-in capital
Additional paid-in capital
Class A Common Stock
Additional paid-in capital
Class A Common Stock
IPO
Additional paid-in capital
Class B Common Stock
IPO
Retained Earnings
Non-Controlling Interest
Beginning Balance at Dec. 31, 2022 $ (6,761)       $ (10,011)                   $ 3,250
Net income 11,434 $ 2,526                          
Net income prior to the organizational transaction 8,911       8,084                   827
Conversion of related party loans 871       871                    
Member distributions (26,469)       (26,469)                    
Effects of the organizational transactions 23,448     $ (23,448) $ 27,525                   (4,077)
Issuance of common stock (in shares)             3,600,000   28,141,566            
Issuance of common stock     $ 40,144       $ 3   $ 28     $ 40,141 $ (28)    
Issuance of Class A common stock to underwriters upon exercise of overallotment option, Shares           540,000                  
Issuance of Class A common stock to underwriters upon exercise of overallotment option   6,026       $ 1         $ 6,025        
Conversion of Class B common units into Class B Shares (23,447)     $ 23,448           $ (23,447)          
Capitalization of initial public offering costs (3,265)                 (3,265)          
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increase in tax basis 12,520                 12,520          
Net income 2,523                         $ 322 2,201
Stock-based compensation 1,517                 1,517          
NCI Adjustment                   (26,351)         26,351
Ending Balance at Dec. 31, 2023 36,018         $ 4   $ 28   7,112       322 28,552
Ending Balance, Shares at Dec. 31, 2023           4,140,000   28,141,566              
Net income 4,532 $ 4,532                       593 3,939
Conversion of related party loans (in shares)           237,593                  
Conversion of related party loans 1,436                 1,436          
Member distributions (845)                           (845)
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets associated with increase in tax basis (1,288)                 (1,288)          
Stock-based compensation 2,986                 2,986          
Shares issued upon RSU vesting           280,817                  
Exchange of noncontrolling interest for Class A common stock, Shares           254,654   (254,654)              
Exchange of noncontrolling interest for Class A common stock 1         $ 1       259         (259)
Contribution by shareholder in final IPO settlement 1,277                 1,277          
Ending Balance at Dec. 31, 2024 $ 44,117         $ 5   $ 28   $ 11,782       $ 915 $ 31,387
Ending Balance, Shares at Dec. 31, 2024           4,913,064   27,886,912