Notes Receivable

12 Months Ended

Dec. 31, 2023

Receivables [Abstract]

Notes Receivable

Notes Receivable

The Company has unsecured notes receivable from related parties, certain non-executive officers of the Company and an unrelated third party. The maturity dates for certain notes from officers, employees and affiliated entities have been extended until January 2026. The following is a summary of these notes receivable (in thousands):

	December 31, 2023		December 31, 2022
Officers, employees and affiliated entities - Interest accrues annually at rates ranging from 0.0% - 5.5%. The notes receivable mature through January 2026.	$	2,318	$	2,433
Unrelated third party - Currently no interest is being accrued on this note. The note receivable matures in December 2025.1	903		903
Total:	3,221		3,336
Less: current portion
Officers, employees and affiliates	(1,199)		(1,016)
Noncurrent portion	$	2,022	$	2,320

1Notes initiated prior to the Company's initial public offering.

Each borrower may prepay all or part of the outstanding balance at any time prior to the date of maturity. During the year ended December 31, 2023, interest accrued on the notes receivable at the stipulated rates between 0.0% and 5.50%.