ACCOUNTS PAYABLE AND ACCRUED EXPENSES

12 Months Ended

Dec. 31, 2023

Payables and Accruals [Abstract]

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

19. ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Other current liabilities at December 31, 2023 and 2022 consisted of:

	December 31,		December 31,
	2023		2022
Accounts payable	$	32,592,000	$	20,027,000
Accrued payroll and payroll taxes		9,779,000		9,789,000
Financial instrument liabilities		832,000		651,000
Interest payable		4,197,000		3,207,000
Accrued legal		2,340,000		3,168,000
Accrued lender profit participation rights		-		6,000,000
Other accrued expenses		16,703,000		17,586,000
Total liabilities	$	66,443,000	$	60,428,000

The following table summarizes the changes in financial instrument liabilities measured and carried at fair value on a recurring basis with the use of significant unobservable inputs (Level 3) for the years ended December 31, 2023 and 2022:

	For the Year Ended
	December 31,
	2023			2022
Beginning balance	$	651,000		$	4,249,000
Recognition of financial instrument liabilities		7,262,000			290,000
Change in fair value		(7,081,000	)		377,000
Transfer out of level 3		-			(4,265,000	)
Ending balance	$	832,000		$	651,000