Income Taxes (Tables)

9 Months Ended

Sep. 30, 2025

Income Tax Disclosure [Abstract]

Summary of the Company's Income Tax Expense (Benefit)

The following is a summary of our income tax expense (benefit) for the periods presented (in thousands):


		For the three months ended September 30, 2025
		Federal				State				Canadian				Total
Current		$	—			$	23			$	149			$	172
Deferred			131				—				312				443
Total		$	131			$	23			$	461			$	615


		For the three months ended September 30, 2024
		Federal				State				Canadian				Total
Current		$	17			$	12			$	144			$	173
Deferred			68				1				162				231
Total		$	85			$	13			$	306			$	404


		For the nine months ended September 30, 2025
		Federal				State				Canadian				Total
Current		$	—			$	26			$	629			$	655
Deferred			272				—				611				883
Total		$	272			$	26			$	1,240			$	1,538


		For the nine months ended September 30, 2024
		Federal				State				Canadian				Total
Current		$	17			$	30			$	444			$	491
Deferred			192				4				406				602
Total		$	209			$	34			$	850			$	1,093

Schedule of Deferred Tax Assets and Liabilities

The major sources of temporary differences that give rise to the deferred tax effects are shown below (in thousands):


		September 30, 2025				December 31, 2024
Deferred tax liabilities:
Intangible contract assets		$	—			$	(6	)
Canadian real estate			(9,488	)			(9,163	)
Total deferred tax liability			(9,488	)			(9,169	)

Deferred tax assets:
Other			1,964				1,687
Canadian real estate and non-capital losses			8,119				7,729
Total deferred tax assets			10,083				9,416

Valuation allowance			(2,650	)			(1,891	)

Net deferred tax liabilities		$	(2,055	)		$	(1,644	)