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Derivative Instruments
 3 Months Ended
Mar. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments
7.    DERIVATIVE INSTRUMENTS
The following tables summarize the gross fair values of individual derivative instruments and the impact of legal rights of offset as reported in the Consolidated Balance Sheets as of March 31, 2025 and December 31, 2024:
March 31, 2025December 31, 2024
Gross
Amounts of
Recognized
Assets /
Liabilities		Gross
Amounts
Offset in the
Consolidated
Balance Sheet		Net Amounts
of Assets/
Liabilities
Presented
in the Consolidated
Balance Sheet		Gross Amount
of Collateral
Received /
Pledged Not
Offset in the
Consolidated
Balance 
Sheet		Net
Amount		Gross
Amounts of
Recognized
Assets /
Liabilities		Gross
Amounts
Offset in the
Consolidated
Balance Sheet		Net Amounts
of Assets/
Liabilities
Presented
in the Consolidated
Balance Sheet		Gross Amount
of Collateral
Received /
Pledged Not
Offset in the
Consolidated
Balance 
Sheet		Net
Amount
Other assets:
FX forwards210 — 210 — 210 — — — — — 
Total derivative assets$210 $— $210 $— $210 $— $— $— $— $— 
Other liabilities:
FX forwards— — — — — 317 — 317 — 317 
Total derivative liabilities$— $— $— $— $— $317 $— $317 $— $317 
The following tables summarize the location and amount of gains and losses of derivative contracts in the Unaudited Consolidated Statements of Total Comprehensive Income (Loss) for the three months ended March 31, 2025 and 2024:
Location of Gain (Loss)
Recognized in
Consolidated Statements of Total
Comprehensive Income (Loss)		Amount of Gain (Loss) Recognized in Consolidated Statement of Total Comprehensive Income (Loss)
Three Months Ended March 31,
20252024
Derivatives:
WarrantsNet gains (losses) on derivative contracts— (48)
FX forwardsNet gains (losses) on derivative contracts427 — 
Total derivatives$427 $(48)
Ambac holds warrants to purchase equity shares of a development stage company and US dollar/British pound sterling foreign exchange (FX) forward contracts.
Beat utilizes foreign exchange forward contracts to partially hedge its foreign currency exposure. Beat’s functional currency is the British Pound, but a significant portion of its revenues are generated in currencies other then the British Pound, particularly the US Dollar. Beat, therefore, typically enters into forward contracts to partially hedge its exposure to fluctuations in exchange rates relative to the British Pound. In connection with our acquisition of Beat and the growth profile of its business, we will be re-evaluating our exposure to foreign currency exchange rates and related hedging strategy.
Information about FX forward contracts as of March 31, 2025 and December 31, 2024, is summarized below:
Derivative TypeWeighted
Average
Remaining
Term
(years)		Face
Amount
(Buy)		Face
Amount
(Sell)		Fair Value
Asset
(Liability)
March 31, 2025
FX Forwards-Buy GBP/Sell USD0.5611,784 15,000 200 
FX Forwards-Buy GBP/Sell CAD0.742,457 4,500 10 
December 31, 2024
FX Forwards-Buy GBP/Sell USD0.6115,720 20,000 (317)
FX Forwards-Buy USD/Sell GBP0.00— — — 
FX Forwards-Buy GBP/Sell CAD0.00———