Redeemable Non-Controlling Interests in Subsidiary |
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Noncontrolling Interest [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Redeemable Non-Controlling Interests in Subsidiary | NOTE 10 — Redeemable Non-Controlling Interests in Subsidiary The following table presents the Company and the non-controlling interest (“NCI”) ownership percentage of the membership interests in OpCo as of the following periods:
The Company measures redeemable NCI each quarter at the higher of its book value or its redemption value. As of September 30, 2025 and December 31, 2024, the Company measured redeemable NCI at redemption value. The adjustment to record redeemable NCI at book or redemption value is recorded through Additional paid-in capital on the condensed consolidated statement of mezzanine shareholders' equity and shareholders' equity. OpCo’s net loss before income tax was attributed to redeemable NCI holders at 64.5% for the three and nine months ended September 30, 2025. OpCo’s net loss before income tax was attributed to redeemable NCI holders at 66.0% for the three and nine months ended September 30, 2024.
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