ACCRUED EXPENSES

6 Months Ended

Jun. 30, 2024

ACCRUED EXPENSES [Abstract]

ACCRUED EXPENSES

4. ACCRUED EXPENSES

Accrued expenses at June 30, 2024 and December 31, 2023 are as follows:

(dollars in thousands)	June 30, 2024		December 31, 2023
Accrued expenses	$	668	$	764
Accrued compensation		993		754
Accrued franchise, property and sales and use taxes		181		287
CHC temporary funding assistance		1,057		—
Accrued interest		19		19
	$	2,918	$	1,824

The Company uses Change Healthcare (“CHC”), a healthcare technology company owned by UnitedHealth Group, to process some of its patient claims billings. In February 2024, CHC announced that it had experienced a cyberattack and as a result had to temporarily shut down some of its information technology systems. This system shut down caused delays in billing and reimbursement processes to CHC’s customers and, as a result, CHC established a Temporary Funding Assistance Program to help bridge the gap in short-term cash flow needs for customers affected by the disruption of its services due to the cyberattack. Funding distributed through this program is interest free and has no other fees or costs associated with it. As of June 30, 2024, CHC’s systems have yet to be fully restored. After CHC’s systems resume 100% of standard operations, any funds provided through the program will have to be repaid to CHC at a future date to be mutually agreed to by CHC and the Company.  

During the six months ended June 30, 2024, the Company received approximately $1.1 million through CHC’s Temporary Assistance Program.