VSRM Transaction (Tables)

12 Months Ended

Dec. 31, 2023

Business Combinations [Abstract]

Schedule of Condensed Assets and Liabilities Incorporated Into Consolidated Balance Sheet from VSRM Acquisition

A condensed schedule of assets and liabilities incorporated into the consolidated balance sheet from the VSRM acquisition is provided below:

Cash	$	3,921
Trade receivables		4,604
Customer relationship intangible assets		37,122
Other assets		574
Total assets	$	46,221
Trade and other payables		7,624
Deferred tax liability		9,407
Note payable to Affiliate		6,000
Senior debt		2,917
Total Liabilities	$	25,948
Fair value of net assets acquired	$	20,273

Schedule of Calculation of Revaluation Gain Related to Company's Equity Method Investment in VSRM as a Result of VSRM Transaction

The following table presents the calculation of the $8.8 million revaluation gain related to the Company's equity method investment in VSRM as a result of the VSRM Transaction:

Carrying value of equity method investment in VSRM	$	1,773
Fair value of investment in VSRM		10,583
Gain on step acquisition	$	8,810

Schedule of Reconciles the Net Assets Disposed

The following table reconciles the net assets disposed of from this transaction:

Cash at closing	$	32,759
Net liabilities transferred		1,499
Hold back		75
Stock of acquirer		3,822
Total purchase price	$	38,155
Cash	$	271
Premiums transferred to buyer		4,326
Intangible assets		38,154
Trade payables and accrued liabilities assumed by buyer		(5,838	)
Net assets disposed of		36,913
Gross gain		1,242
Broker fee transaction costs		(1,242	)
Net gain	$	—

The net gain on revaluation of the investment in VSRM and the disposal of the Security and Alarm Business line are summarized below:

Gross gains	$	10,052
Broker fee		(1,242	)
Net gain	$	8,810

Schedule of Assets And Liabilites Deconsolidated as a Result of This Transaction

The following table provides the assets and liabilities deconsolidated as a result of this transaction:

Cash	$	497
Receivable from VSRM		934
Trade receivables		239
Intangible asset		196
Other assets		514
Total assets	$	2,380
Payable to Affiliates		286
Trade payables		193
Note payable		1,000
Other liabilities		901
Total Liabilities	$	2,380