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Notes Receivable
6 Months Ended
Jun. 30, 2022
Receivables [Abstract]  
Notes Receivable

7. Notes Receivable

The Company has unsecured notes receivable from related parties, certain non-executive officers of the Company and an unrelated third party. The following is a summary of these notes receivable (in thousands):

 

 

 

June 30, 2022

 

 

December 31, 2021

 

Officers, employees and affiliated entities - Interest

   accrues annually at rates ranging from 0.0% - 5.5%.

   The notes receivable mature through November 2024.

 

$

2,378

 

 

$

2,478

 

Unrelated third party - Currently no interest is being accrued

   on this note. The note receivable matures in December 2023.

 

 

903

 

 

 

903

 

Total:

 

 

3,281

 

 

 

3,381

 

Less: current portion

 

 

 

 

 

 

 

 

Officers, employees and affiliates

 

 

(1,183

)

 

 

(1,260

)

Noncurrent portion

 

$

2,098

 

 

$

2,121

 

 

Each borrower may prepay all or part of the outstanding balance at any time prior to the date of maturity. During the six months ended June 30, 2022, interest accrued on the notes receivable at the stipulated rates between 0.0% and 5.50%.