v3.25.4
Disaggregation of Relevant Expense Captions (Tables)
 12 Months Ended
Dec. 31, 2025
Disaggregation Of Relevant Expense Captions [Abstract]  
Schedule of Other Operating Cost and Expense, by Component We have presented the disaggregation of our general and administrative expenses below for the years ended December 31, 2025, 2024, and 2023 to enhance disclosure regarding our recast general and administrative expenses.

 

 

Year Ended December 31,

 

 

2025

 

 

2024

 

 

2023

 

General and Administrative Expenses

 

 

 

 

 

 

 

 

Employee compensation(1)

$

14,980

 

 

$

15,139

 

 

$

13,617

 

Depreciation and amortization

 

4,131

 

 

 

5,185

 

 

 

1,832

 

Association fees

 

3,876

 

 

 

3,473

 

 

 

2,570

 

Professional services

 

3,736

 

 

 

4,472

 

 

 

4,275

 

Software & equipment costs

 

3,341

 

 

 

4,117

 

 

 

4,434

 

Intangible asset amortization

 

2,437

 

 

 

2,640

 

 

 

3,247

 

Audit fees

 

1,619

 

 

 

2,412

 

 

 

1,347

 

Liability insurance

 

1,536

 

 

 

1,908

 

 

 

1,633

 

Legal fees

 

815

 

 

 

1,657

 

 

 

1,038

 

Operating lease expense

 

438

 

 

 

220

 

 

 

723

 

Loss on disposal of indefinite life intangible assets

 

—

 

 

 

—

 

 

 

200

 

Provision for (reversal of) expected credit losses

 

(71

)

 

 

(44

)

 

 

(219

)

Other general and administrative(2)

 

3,625

 

 

 

3,577

 

 

 

2,862

 

Total general and administrative expenses

$

40,463

 

 

$

44,756

 

 

$

37,559

 

(1) For the year ended December 31, 2025, employee compensation includes $4.5 million, in one-time employee retention tax credit refunds.

(2) For the years ended December 31, 2025, 2024, and 2023, other general and administrative expenses were comprised primarily of regulatory fees, director fees, franchise fees and overhead.