XML 54 R21.htm IDEA: XBRL DOCUMENT v3.25.1
RELATED PARTY TRANSACTIONS
 12 Months Ended
Dec. 31, 2024
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS RELATED PARTY TRANSACTIONS
The Company reimbursed an aggregate amount of $50,000 and $129,000 during the years ended December 31, 2024 and 2023, respectively, to former executive officers in connection with legal fees incurred following such officers’ respective departures from the Company.
In 2023, the Company entered into a Loan Facility (“Loan Facility”) with a related private portfolio company. As of December 31, 2024 and 2023, the Loan Facility balance including interest receivable was $3.5 million and $2.2 million, respectively. The Loan Facility is not impaired and no allowance for credit loss was deemed necessary as of December 31, 2024. The Loan Facility bore an interest rate of 9.5% per annum. We recorded $295,000 and $97,000 in interest income during the years ended December 31, 2024 and 2023, respectively. The receivable is included in other non-current assets in the consolidated balance sheets.
Refer to Note 12 for information about the Recapitalization Agreement and Services Agreement with Starboard.