Annual report [Section 13 and 15(d), not S-K Item 405]

Financial Instruments (Tables)

v3.25.1
Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2024
Text Block [Abstract]  
Summary of fair value hierarchy of Company's financial assets and financial liabilities

The following table summarizes the fair value hierarchy for the Company’s financial assets and financial liabilities that are re-measured at their fair values periodically:

 

 

As of December 31, 2024

 

 

As of December 31, 2023

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Financial assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long term investments

 

$

 

10

 

 

$

 

—

 

 

$

 

853

 

 

$

 

863

 

 

$

 

56

 

 

$

 

—

 

 

$

 

679

 

 

$

 

735

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration payable

 

$

 

—

 

 

$

 

—

 

 

$

 

3,127

 

 

$

 

3,127

 

 

$

 

—

 

 

$

 

—

 

 

$

 

—

 

 

$

 

—

 
Summary Of Changes In Level One and Level Three Financial Assets

The following table summarizes the changes in Level 1 and Level 3 financial assets:

 

 

 

Financial Assets

 

 

 

 

4Front Venture Corp.

 

 

 

The Pharm Stand, LLC

 

 

 

Island Thyme, LLC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of December 31, 2022

 

$

 

130

 

 

 

 

—

 

 

$

 

102

 

Additions

 

 

 

—

 

 

 

 

—

 

 

 

 

760

 

Revaluations

 

 

 

(74

)

 

 

 

—

 

 

 

 

—

 

Loss on equity method investments

 

 

 

—

 

 

 

 

—

 

 

 

 

(183

)

Balance as of December 31, 2023

 

$

 

56

 

 

$

 

—

 

 

$

 

679

 

Additions

 

 

 

—

 

 

 

 

125

 

 

 

 

260

 

Revaluations

 

 

 

(46

)

 

 

 

—

 

 

 

 

—

 

Loss on equity method investments

 

 

 

—

 

 

 

 

—

 

 

 

 

(211

)

Balance as of December 31, 2024

 

$

 

10

 

 

$

 

125

 

 

$

 

728

 
Summary of changes in level three financial assets and liabilities

The following table summarizes the changes in the Company's Level 3 financial liabilities:

 

 

Financial Liabilities

 

 

 

 

Contingent Consideration Payable

 

 

 

 

 

 

Balance as of December 31, 2023

 

$

 

—

 

Acquisition of Cheetah - Earn-Out

 

 

 

3,127

 

Consideration paid

 

 

 

—

 

Revaluations

 

 

 

—

 

Balance as of December 31, 2024

 

$

 

3,127

 
Summary of long-term debt instruments at their carrying value and fair value

The following table summarizes the Company’s long-term debt instruments (Refer to Note 9) at their carrying value and fair value:

 

 

 

As of December 31, 2024

 

 

As of December 31, 2023

 

 

 

Carrying Value

 

 

Fair Value

 

 

Carrying Value

 

 

Fair Value

 

June Unsecured Debentures

 

$

 

21,750

 

 

$

 

20,142

 

 

$

 

18,856

 

 

$

 

17,301

 

June Secured Debentures

 

 

 

144,913

 

 

 

 

134,096

 

 

 

 

130,103

 

 

 

 

118,118

 

Secured Notes

 

 

 

14,968

 

 

 

 

15,223

 

 

 

 

15,565

 

 

 

 

15,414

 

Other

 

 

 

696

 

 

 

 

687

 

 

 

 

752

 

 

 

 

772

 

Total

 

$

 

182,327

 

 

$

 

170,148

 

 

$

 

165,276

 

 

$

 

151,605