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Notes Payable (Tables)

6 Months Ended

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:
1Shareholders 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:
1Shareholders 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

1Includes 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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- References

No definition available.

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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.

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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

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