Related Parties

12 Months Ended

Dec. 31, 2023

Related Party Transactions [Abstract]

Related Parties

Related Parties

The following is a summary of transactions and balances with affiliates:

	Years Ended December 31,
	2023		2022		2021
	(in thousands)
Sales to affiliates	$	7,860	$	5,789	$	3,752
Payments to affiliates	1,476		1,318		185
			December 31,
			2023		2022
			(in thousands)
Due from affiliates			$	994	$	432
Due to affiliates			145		—

The nature of our related party transactions is as follows:

•The Company sells units to an entity owned by a member of the CEO/President's immediate family. This entity is also one of the Company’s Representatives and as such, the Company makes payments to the entity for third party products.

•The Company purchases some supplies from entities controlled by two of the Company’s board members and a member of the Company's executive management team.

•The Company periodically makes part sales and makes payments to a board member related to a consulting agreement.

•The Company periodically rents space partially owned by the CEO/President for various Company meetings.

•The Company purchases flight time for use of an aircraft partially owned by two members of the Company's executive management team.

•From December 10, 2021 through May 31, 2022, the Company leased a manufacturing and office facility in Redmond, Oregon from an entity in which certain members of BASX management had an ownership interest. This facility was purchased 100% by the Company on May 31, 2022.