XML 26 R15.htm IDEA: XBRL DOCUMENT v3.25.1
Accrued Expenses and Other Current and Non-Current Liabilities
3 Months Ended
Mar. 31, 2025
Payables and Accruals [Abstract]  
Accrued Expenses and Other Current and Non-Current Liabilities Accrued Expenses and Other Current and Non-Current Liabilities
Accrued expenses and other current liabilities as of March 31, 2025 and December 31, 2024 consist of the following:
(in thousands)March 31, 2025December 31, 2024
Compensation, including bonuses, fringe benefits, and payroll taxes$6,986 $6,975 
Contract liabilities4,084 2,351 
Directors and officers insurance premiums544 770 
Deferred acquisition and contingent consideration143 180 
Accrued interest849 1,136 
Repayments on advances3,198 3,198 
Other liabilities7,630 6,483 
Total accrued expenses and other current liabilities$23,434 $21,093 
Contract liabilities as of March 31, 2025 and December 31, 2024 consist of cumulative adjustments made to capitated revenue recognized in prior periods.
Pursuant to the Business Combination, the Company has agreed to indemnify members of the Board and certain officers if they are named or threatened to be named as a party to any proceeding by reason of the fact that they acted in such capacity. The Company entered into a $844 financing arrangement in November 2024 with a maturity date of October 2025 at 7.99% annual interest rate to pay 11 monthly principal payments of approximately $80 in premiums for directors’ and officers’ (“D&O”) insurance coverage through November 2025 to protect against such losses on November 12, 2021. The principal outstanding balance was $544 and $770 as of March 31, 2025 and December 31, 2024, respectively.