Share-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Weighted Average Fair Value of Incentive Units

The weighted average fair value of the Incentive Units is estimated and remeasured using a Monte Carlo Simulation with the following inputs as of June 30:

	2024			2023
Estimated equity value	$	1,541,210		$	729,798
Expected life (in years)		1.7			1.0
Risk-free interest rate		4.7	%		5.3	%
Dividend yield		0	%		0	%
Volatility		40.0	%		25.0	%
Marketability discount	18.0% - 19.0%				19.0	%

Schedule of Number of Incentive Units Granted and Forfeited

The number of Incentive Units granted and forfeited during the six months ended June 30, 2024 and 2023 is shown in the following table:

	2024			2023
Outstanding at beginning of period		9,992			5,378
Granted		-			-
Forfeited		(54	)		(33	)
Outstanding at end of period		9,938			5,345

Schedule of Changes of Incentive Units

Changes in the fair value of the Incentive Units as of June 30, 2024 and 2023 were as follows:

	2024		2023
Balance at beginning of period	$	35,873	$	46,827
Remeasurements		101,428		(24,164	)
Balance at end of period	$	137,301	$	22,663