Note 7 - Accounts Payable and Accrued Liabilities

12 Months Ended

Dec. 31, 2024

Accounts Payable and Accrued Liabilities

Note 7 – Accounts Payable and Accrued Liabilities

Items included in accounts payable and accrued liabilities on the Company’s consolidated balance sheets as of December 31, 2024 and 2023 are detailed in the table below:


(in thousands)	December 31, 2024		December 31, 2023
Trade payable	$	2,417	$	2,372
Accrued operating and administrative expenses (1)		6,348		5,781
Security deposit		2,462		2,340
Real estate tax payable		1,307		1,222
Interest payable		1,356		1,213
Derivative liability		20		668
Lease payable		1,382		1,521
Income tax payable		—		340
Accounts payable and accrued liabilities	$	15,292	$	15,457

(1)

The table below provides additional details for items included in “Accrued operating and administrative expenses” as of December 31, 2024 and 2023:


(in thousands)	December 31, 2024		December 31, 2023
Payroll and payroll related expenses	$	1,155	$	1,099
Accrued cost of services		950		1,004
Accrued legal and professional fees		2,337		810
Insurance proceeds for repairs		2		3
Accrued construction in progress		80		732
Accrued property operating expenses		1,065		729
Other accrued expenses		759		1,404
Accrued operating and administrative expenses	$	6,348	$	5,781