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INVESTMENT IN NONCONSOLIDATED ENTITY
 12 Months Ended
Dec. 31, 2024
Equity Method Investments and Joint Ventures [Abstract]  
INVESTMENT IN NONCONSOLIDATED ENTITY INVESTMENT IN NONCONSOLIDATED ENTITY
The Company’s investment in and advances to its nonconsolidated entity as of December 31, 2024 and December 31, 2023 represents its investment in a limited liability company. The Company does not control or have significant influence over the operating and financial policies of this entity.
The Company accounts for this investment using the measurement alternative. Under this alternative, the investment is measured at cost, less any impairment, and adjusted for changes resulting from observable price changes in orderly transactions for identical or similar investments in the same entity. The Company’s investment is classified as Other assets in its Consolidated Balance Sheets, and consisted of the following:
December 31, 2024December 31, 2023
Capital contributions, net of distributions and impairments$4,500 $4,500 
Total investments in and advances to nonconsolidated affiliate$4,500 $4,500