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PREPAID EXPENSES AND OTHER ASSETS
 3 Months Ended
Mar. 31, 2024
Prepaid Expense and Other Assets [Abstract]  
PREPAID EXPENSES AND OTHER ASSETS PREPAID EXPENSES AND OTHER ASSETS
Prepaid expenses and other current assets consisted of the following (in thousands):

March 31, 2024December 31, 2023
Prepaid insurance$807 $1,205 
Prepaid fees and services2,037 2,299 
Agent incentives advances2,015 1,692 
Agent advances receivable, net of allowance2,194 1,514 
Prepaid income taxes240 747 
Tenant allowance1,621 1,621 
Prepaid expenses and other current assets1,002 990 
$9,916 $10,068 

Other assets consisted of the following (in thousands):

March 31, 2024December 31, 2023
Revolving credit facility origination fees$1,515 $1,692 
Agent incentives advances3,787 3,372 
Agent advances receivable, net of allowance3,077 2,897 
Right-of-use assets, net20,606 22,100 
Funds held by seized banking entities, net of allowance1,928 1,890 
Fixed assets in process480 6,358 
Other assets1,911 1,844 
$33,304 $40,153 

As of March 31, 2024 and December 31, 2023, fixed assets in process included approximately $0.3 million and $6.1 million, respectively, in capital expenditures related to lease hold improvements and other assets in connection with our new headquarters (see Note 7).

Prior to 2022, local banking regulators in Mexico resolved to close and liquidate a local financial institution, citing a lack of compliance with minimum capital requirements. The Company has approximately $5.2 million of exposure from deposits it held with this bank when it was closed. In accordance with the banking regulations in Mexico, large depositors such as the Company will be paid once the assets of the financial institution are liquidated. Currently, it is difficult to predict the length of the liquidation process or if the proceeds from the asset liquidation will be sufficient to recover any of the Company's funds on deposit. The Company maintains a valuation allowance of approximately $3.6 million in connection with the balance of deposits held by the financial institution as a result of its closure.