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Related Parties
12 Months Ended
Dec. 31, 2024
Related Party Transactions [Abstract]  
Related Parties Related Parties
The following is a summary of transactions and balances with affiliates:
Years Ended December 31,
202420232022
(in thousands)
Sales to affiliates$9,709 $7,860 $5,789 
Payments to affiliates1,632 1,476 1,318 
December 31,
20242023
(in thousands)
Due from affiliates$1,055 $994 
Due to affiliates369 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’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 made payments to a board member related to a consulting agreement.
The Company periodically rents space partially owned by the CEO for various Company meetings.
The Company leases flight time of an aircraft partially owned by our President/COO and Vice President.
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.