Income Taxes and Tax Receivable Agreement (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The components of income tax expense (benefit) are as follows:

	Year Ended December 31,
	2025			2024		2023
Current tax expense
State	$	181		$	320	$	111
Total current tax expense		181			320		111
Deferred tax (benefit)
Federal		(1,206	)		-		-
State		(40	)		-		-
Total deferred tax (benefit)		(1,246	)		-		-
Total income tax (benefit) expense	$	(1,065	)	$	320	$	111

Schedule of Reconciliation of Income Taxes at the Federal Statutory Level to Provision for Income Taxes

The reconciliation of income taxes at the federal statutory level to provision for income taxes is as follows:

	Year Ended December 31,
	2025						2024						2023
	Amount			Rate			Amount			Rate			Amount			Rate
U.S. federal tax (benefit) expense at statutory rate	$	(222	)		21.0	%	$	696			21.0	%	$	3,103			21.0	%
State tax, net of federal benefit(1)		142			(13.4	%)		320			9.7	%		111			0.8	%
Pre-IPO non-taxable / deductible income		(3,479	)		329.4	%		(696	)		(21.0	%)		(3,103	)		(21.0	%)
Noncontrolling interests		2,494			(236.2	%)		-			0.0	%		-			0.0	%
Total income tax (benefit) expense at effective rate	$	(1,065	)		100.8	%	$	320			9.7	%	$	111			0.8	%

(1)More than 50% of the state tax effect recognized for the years ended December 31, 2025, 2024 and 2023, was attributable to the state of Texas.

Schedule of Tax Effects of Temporary Differences to Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to our deferred tax assets and liabilities are as follows:

	December 31,
	2025			2024
Deferred tax assets:
Net operating losses	$	137,386		$	-
Tax receivable agreement imputed interest		12,593			-
Total deferred tax assets:		149,979			-
Deferred tax liabilities:
Investment in partnership		(18,174	)		-
Total deferred tax liabilities		(18,174	)		-
Net deferred tax assets	$	131,805		$	-