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

Redeemable Non-Controlling Interests (Tables)

v3.25.0.1
Redeemable Non-Controlling Interests (Tables)
 12 Months Ended
Dec. 31, 2024
Equity, Attributable to Parent [Abstract]  
Schedule of Call and Put Options Investment Funds
Therefore, we have one investment fund remaining and the following table sets forth information about the call and put options for our investment fund outstanding as of December 31, 2024:
Call Option Put Option
Investment Fund Number Formation Date Start Date End Date Purchase Price Start Date End Date Purchase Price
1 December 2019 March 2026 September 2026 (1) September 2026 September 2027 (2)
(1) Purchase price is equal to the greater of (i) the fair market value of such interests at the time the option is exercised or (ii) 5% of the investors’ contributed capital balance at the time the option is exercisable. The call options are exercisable beginning on the date that specified conditions are met for each respective fund. These dates are estimate and subject to change based on last funding date.
(2) Purchase price is the lessor of fair market value at the time the option is exercised and the sum of (i) 5% of the investors’ contributed capital balance at the time the option is exercisable, and (ii) the fair market value of any unpaid tax law change losses incurred by the investor in connection with the exercise of the put option.