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Related Parties
 6 Months Ended
Jun. 30, 2024
Related Parties [Abstract]  
Related Parties

Note 15 — Related Parties

 

Some of the officers and directors of the Company are involved in other business activities and may, in the future, become involved in other business opportunities that become available.

 

The following table describes the net purchasing (sales) activity with entities identified as related parties to the Company:

 

   Three months ended
June 30,		   Six months ended
June 30,		 
(In thousands)  2024   2023   2024   2023 
Bluezone  $
—
   $
—
   $
—
   $4 
Topline Performance Group   
—
    
—
    
—
    (1)
NEIA   
—
    
—
    
—
    (43)
Greenstone Holdings   
—
    
—
    
—
    (2)

 

The following table summarizes net related party (payable) receivable as of June 30, 2024 and December 31, 2023:

 

(In thousands)  June 30,
2024		   December 31,
2023		 
Bluezone  $
    —
   $    (4)
Valiant Americas, LLC   
—
    1 

 

On July 12, 2023, the Company issued an unsecured promissory note in favor of GIC Acquisition, LLC, an entity that is owned and managed by the Company’s Chairman and Chief Executive Officer. Refer to Note 7 - Debt for further disclosure related to this Related Party Note including related transactions occurring during the three and six months ended June 30, 2024.

 

On October 27, 2023, CP Acquisitions LLC, an entity affiliated with and controlled by Company’s Chairman and Chief Executive Officer, purchased the Exchange Note and the Convertible Note. In addition, the Company issued to CP a Junior Secured Note. Refer to Note 7 - Debt for further disclosure related to this Related Party Note including related transactions occurring during the three and six months ended June 30, 2024.