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NOTES PAYABLE
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
NOTES PAYABLE NOTES PAYABLE
The following table summarizes our outstanding debt as of the dates indicated (in thousands):
 MaturityCash Interest RateMarch 31, 2025December 31, 2024
Notes Payable – Acquisitions(1)
10/01/25 - 07/01/29
2.00% - 5.00%
$11,345 $9,943 
Notes Payable – Other11/01/2510.00%$5,000 5,000 
Gross Notes Payable $16,345 $14,943 
(1)See Note 3 — Business Combinations and Asset Acquisitions and Notes Payable - Acquisitions section below for further discussion regarding the notes payable related to acquisitions.

The following table summarizes the debt issuance costs as of the dates indicated (in thousands):
 Gross Notes PayableDebt Issuance Costs and Debt DiscountNet Notes Payable
March 31, 2025
Current portion of notes payable$8,541 $(593)$7,948 
Notes payable, net of current portion7,804 (1,632)6,172 
Total$16,345 $(2,225)$14,120 
December 31, 2024
Current portion of notes payable$7,578 $(570)$7,008 
Notes payable, net of current portion7,365 (1,656)5,709 
Total$14,943 $(2,226)$12,717 

The following table summarizes the future principal payments related to our outstanding debt as of March 31, 2025 (in thousands):
2025 (Remaining)$7,578 
20265,767 
2027— 
2028— 
20293,000 
Total$16,345 

Notes Payable - Acquisitions

As of March 31, 2025, we have seven promissory notes related to acquisitions that occurred during the three months ended March 31, 2025 and prior years with a combined outstanding principal balance of $11,345 and maturity dates ranging from October 1, 2025 to July 1, 2029. See Note 2 — Business Combinations and Asset Acquisitions for further discussion regarding the issuance of notes payable related to acquisitions.
Notes Payable - Other

In November 2024, we delivered a promissory note to an unrelated third party in exchange for cash. As of March 31, 2025, the promissory note had an outstanding principal balance of $5,000 and matures on November 1, 2025. On April 10, 2025, we extinguished this debt using the proceeds of a new credit facility. See Note 12 — Subsequent Events for the details of the extinguishment of this note after the reporting period.