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Accrued Liabilities
 6 Months Ended
Jun. 30, 2024
Payables and Accruals [Abstract]  
Accrued Liabilities

NOTE 8 – Accrued Liabilities

 

Accrued liabilities consisted of the following (in thousands):

 

Schedule of accrued Liabilities                
    June 30,
2024		     December 31,
2023		  
Accrued expenses and reimbursements   $ 1,265     $ 858  
Accrued compensation and benefits     290       387  
Accrued bonus and commissions     231       108  
Accrued insurance premium and interest     158       -  
Income tax payables     56       74  
Accrued transaction costs     13       13  
Accrued sales and other indirect taxes payable     8       12  
Accrued liabilities   $ 2,021     $ 1,452  

 

Financed Director & Officers Insurance

 

The Company entered into a Directors & Officers (“D&O”) insurance agreement with Oakwood D&O Insurance, effective on March 14, 2024. The agreement states that the Company will pay a total of $310 thousand in premiums at an annual percentage rate of 9.5%. The first of ten monthly separate installment payments begin on April 14, 2024. The Company paid a down payment on the policy of $85 thousand. As of June 30, 2024 (Successor), the Company currently owes $158 thousand on the D&O insurance policy.