XML 36 R27.htm IDEA: XBRL DOCUMENT

Equity Method Investments (Tables)

9 Months Ended

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