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Interest Expense, net
 12 Months Ended
Dec. 31, 2024
Interest Expense, net

16. Interest Expense, net

 

Interest expense, net consists of the following:

 

         
   For years ended December 31, 
(in thousands)  2024   2023 
Interest expense   (2,106)   (220)
Interest expense, related party   -    (22)
Contract asset interest expense   -    (358)
Interest income   71    132 
Interest expense, net  $(2,035)  $(468)

 

Interest expense is comprised primarily of interest on our convertible notes, short-term loans and line of credit, including amortization of deferred costs.

 

Interest income relates primarily to interest earned on funds deposited in our bank accounts.