Related Party Transactions

12 Months Ended

Dec. 31, 2022

Related Party Transactions [Abstract]

Related Party Transactions

Note 26 -- Related Party Transactions

On December 21, 2022, TTIG issued a demand promissory note to the Company for the principal amount of $15,000. The note bears an annual interest rate of 5.5% with a maturity date for the principal and unpaid accrued interest of December 21, 2025.

On June 1, 2022, TTIG issued a demand promissory note to the Company for the principal amount of $2,994. The note bears an annual interest rate of 3.25% with a maturity date for the principal and unpaid accrued interest of June 1, 2025.

On December 22, 2021, TTIG issued a demand promissory note to the Company for the principal amount of $40,000. The note bears an annual interest rate of 2.0% with a maturity date for the principal and unpaid accrued interest of June 30, 2023. See Note 28 -- “Subsequent Events” for additional information.

On February 12, 2021, the Company committed to provide a revolving line of credit with borrowing capacity of up to $60,000 to TTIG and the credit line would be available until the earlier of June 30, 2022 and the securing of alternative financing. This commitment ended on February 26, 2021 upon completion of the capital investment transaction by TTIG.