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Notes Payable (Tables) | 6 Months Ended
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Jun. 30, 2024
Debt Instruments [Abstract] |
Schedule of Notes Payable | Notes payable consist of the following (in thousands):
| June 30, 2024 |  | December 31, 2023
Related parties: |  |  |
1 Shareholders and Owners of Acquired Entities - Interest accrues at rates ranging from 3.25% - 11.00% annually. The notes payable mature on various dates through April 2027. | 28,811 |  |  | 21,663 |
Convertible Notes Payable - Interest accrues at rates ranging from 4.75% - 8.00% annually. The convertible notes payable mature on various dates through September 2027. | 3,987 |  |  | 6,631 |
Unrelated third parties: |  |  |
Note payable for purchase of software and vehicles | 10 |  |  | 130 |
Note payable for purchase of aircraft | 5,993 |  |  | — |
Fixed line notes payable - see note 11 | — |  |  | 344 |
Discounts on notes payable issued as consideration in acquisitions: |  |  |
1 Shareholders and Owners of acquired entities | (1,057) |  |  | (1,041) |
Purchase of aircraft | (34) |  |  | — |
Total | 37,710 |  |  | 27,727 |
Less: current portion | (15,169) |  |  | (13,989) |
Noncurrent portion | $ | 22,541 |  |  | $ | 13,738 |
1 Includes notes payable to all owners irrespective of current relationship with the Company
Schedule of Future Principal Payments on Notes Payable | Future principal payments on notes payable for remainder of 2024 and succeeding years are as follows (in thousands):
2024 | $ | 8,540 |
2025 | 13,297 |
2026 | 8,997 |
2027 | 5,957 |
2028 | 1,477 |
2029 | 533 |
Total | $ | 38,801 |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-1 + Details
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