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Equity Method Investments (Tables) | 9 Months Ended
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Sep. 30, 2024
Equity Method Investments and Joint Ventures [Abstract] |
Schedule of Joint Venture Revenues and Net Income (Loss) | The tables below details the Company’s joint venture revenues and earnings during the nine months ended September 30, 2024 and 2023 (in thousands):
|  | Nine Months Ended September 30, 2024 |
|  | KNFH LLC |  |  | DHC8 LLC |  |  | KNFH II LLC |  |  | HGC Origination I LLC and HGC Funding I LLC |  |  | HGC MPG Funding LLC |
Revenue |  | $ | — |  |  | $ | 751 |  |  | $ | 13,249 |  |  | $ | 3,705 |  |  | $ | 3,987 |
Gross profit |  |  | — |  |  |  | 751 |  |  |  | 5,213 |  |  |  | 3,705 |  |  |  | 3,987 |
Operating income |  |  | — |  |  |  | 590 |  |  |  | 5,120 |  |  |  | 3,656 |  |  |  | 3,987 |
Net income |  | $ | — |  |  | $ | 590 |  |  | $ | 5,120 |  |  | $ | 3,668 |  |  | $ | 3,987 |
|  | Nine Months Ended September 30, 2023 |
|  | KNFH LLC |  |  | DHC8 LLC |  |  | KNFH II LLC |  |  | HGC Origination I LLC and HGC Funding I LLC |  |  | HGC MPG Funding LLC |
Revenue |  | $ | 303 |  |  | $ | 1,183 |  |  | $ | — |  |  | $ | 3,769 |  |  | $ | 552 |
Gross profit |  |  | 303 |  |  |  | 1,183 |  |  |  | — |  |  |  | 3,769 |  |  |  | 552 |
Operating income (loss) |  |  | (144 | ) |  |  | 1,009 |  |  |  | — |  |  |  | 2,374 |  |  |  | 548 |
Net income (loss) |  | $ | (144 | ) |  | $ | 1,009 |  |  | $ | — |  |  | $ | 2,374 |  |  | $ | 548 |
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 September 30, 2024 and December 31, 2023 (in thousands):
|  | September 30, |  |  | December 31, |
|  | 2024 |  |  | 2023 |
Assets: |  |  |  |  |  |
KNFH LLC |  | $ | — |  |  | $ | 292 |
DHC8 LLC |  |  | 2,068 |  |  |  | 7,061 |
KNFH II LLC |  |  | 7,966 |  |  |  | 8,150 |
HGC Origination I LLC and HGC Funding I LLC |  |  | 26,113 |  |  |  | 28,389 |
HGC MPG Funding LLC |  |  | 33,066 |  |  |  | 38,081 |
Total assets |  | $ | 69,213 |  |  | $ | 81,973 |
Liabilities: |  |  |  |  |  |
KNFH LLC |  | $ | — |  |  | $ | 289 |
DHC8 LLC |  |  | 1,038 |  |  |  | 1,102 |
KNFH II LLC |  |  | 2,200 |  |  |  | 4,000 |
HGC Origination I LLC and HGC Funding I LLC |  |  | 972 |  |  |  | 10 |
HGC MPG Funding LLC |  |  | — |  |  |  | — |
Total liabilities |  | $ | 4,210 |  |  | $ | 5,401 |

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