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Equity Method Investments (Tables) | 3 Months Ended
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Mar. 31, 2023
Equity Method Investments and Joint Ventures [Abstract] |
Schedule of Joint Venture Revenues and Net Income (Loss) | Note 6 – Equity Method Investments In March 2020, HGC Origination I LLC and HGC Funding I LLC were formed as joint ventures with a partner for purposes of conducting business relating to the sourcing, origination and funding of loans to debt purchasing clients. In April 2022, KNFH LLC, of which the Company holds a 25% share, was formed to purchase certain real estate assets and machinery and equipment among partners in a joint venture. In December 2022, DHC8 LLC, of which the Company holds a 13.33% share, was formed to provide funding and receive principal and interest payments as a result of the initial investment. KNFH LLC and DHC8 LLC are joint ventures formed in connection with the Company’s Industrial Assets Division, whereas HGC Origination I LLC and HGC Funding I LLC were formed in connection with the Financial Assets Division. The table below details the Company’s joint venture revenues and earnings (in thousands):
|  | Three Months Ended March 31, |
|  | 2023 |  |  | 2022 |
Revenues: |  |  |  |  |  |
KNFH LLC |  | $ | 440 |  |  | $ | — |
DHC8 LLC |  |  | 445 |  |  |  | — |
HGC Funding I LLC and Origination I LLC |  |  | 1,297 |  |  |  | 327 |
Total revenues |  | $ | 2,182 |  |  | $ | 327 |
Operating income (loss): |  |  |  |  |  |
KNFH LLC |  | $ | (10 | ) |  | $ | — |
DHC8 LLC |  |  | 378 |  |  |  | — |
HGC Funding I LLC and Origination I LLC |  |  | 1,304 |  |  |  | 327 |
Total operating income |  | $ | 1,672 |  |  | $ | 327 |
Schedule of the Components of Assets and Liabilities | The table below details the summarized components of assets and liabilities of the Company’s joint ventures, as of March 31, 2023 and December 31, 2022 (in thousands):
|  | March 31, |  |  | December 31, |
|  | 2023 |  |  | 2022 |
Assets: |  |  |  |  |  |
KNFH LLC |  | $ | 528 |  |  | $ | — |
DGC8 LLC |  |  | 8,332 |  |  |  | 8,561 |
HGC Funding I LLC and Origination I LLC |  |  | 49,547 |  |  |  | 53,385 |
Total assets |  | $ | 58,407 |  |  | $ | 61,946 |
Liabilities: |  |  |  |  |  |
KNFH LLC |  | $ | 385 |  |  | $ | 47 |
DGC8 LLC |  |  | 1,165 |  |  |  | 1,028 |
HGC Funding I LLC and Origination I LLC |  |  | 21 |  |  |  | 1,504 |
Total liabilities |  | $ | 1,571 |  |  | $ | 2,579 |

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