Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.24.0.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
Summary of Property and Equipment Estimated Useful Lives Depreciation is recognized on a straight-line method, based on the following estimated useful lives:

 

Furniture and equipment

5 years

Computers and software

3-5 years

Vehicles

5 years

Leasehold improvements

Lesser of useful life or lease term
Reconciliation of Activity Related to Accounts Receivable, Other Receivables and Notes Receivable Allowance for Credit Losses

The following table provides a reconciliation of the activity related to the Company’s accounts receivable, other receivables and notes receivable allowance for credit losses:

 

 

 

Accounts receivable

 

 

Other receivables

 

 

Notes receivable

 

 

Total

 

Balance at January 1, 2021

 

$

2,405

 

 

$

429

 

 

$

1,909

 

 

$

4,743

 

Bad debt expense recognized during the year

 

 

102

 

 

 

—

 

 

 

308

 

 

 

410

 

Write-off of uncollectible amounts

 

 

(314

)

 

 

—

 

 

 

(78

)

 

 

(392

)

Balance at December 31, 2021

 

 

2,193

 

 

 

429

 

 

 

2,139

 

 

 

4,761

 

Bad debt expense (recovery) recognized during the year

 

 

(705

)

 

 

(429

)

 

 

422

 

 

 

(712

)

Write-off of uncollectible amounts

 

 

(623

)

 

 

—

 

 

 

(1,842

)

 

 

(2,465

)

Balance at December 31, 2022

 

 

865

 

 

 

—

 

 

 

719

 

 

 

1,584

 

Bad debt expense recognized during the year

 

 

696

 

 

 

—

 

 

 

1,536

 

 

 

2,232

 

Write-off of uncollectible amounts

 

 

(426

)

 

 

—

 

 

 

(71

)

 

 

(497

)

Balance at December 31, 2023

 

$

1,135

 

 

$

—

 

 

$

2,184

 

 

$

3,319

 
Summary of Accrued Expenses Accrued expenses consisted of the following:

 

 

 

December 31,

 

 

 

2023

 

 

2022

 

Accrued compensation

 

$

4,798

 

 

$

4,611

 

Contingent consideration from acquisitions, current portion

 

 

1,564

 

 

 

2,203

 

Sales tax accruals

 

 

1,642

 

 

 

3,186

 

Legal accruals

 

 

1,343

 

 

 

464

 

Other accruals

 

 

4,741

 

 

 

1,831

 

Total accrued expenses

 

$

14,088

 

 

$

12,295

 
Summary of Other Current liabilities Other current liabilities consisted of the following:

 

 

 

December 31,

 

 

 

2023

 

 

2022

 

Lease liabilities, short-term

 

$

9,109

 

 

$

3,786

 

Promissory note, current portion

 

 

3,345

 

 

 

—

 

Tax receivable agreement liability, current portion

 

 

2,892

 

 

 

1,163

 

Other current liabilities

 

 

4,320

 

 

 

4,316

 

Total other current liabilities

 

$

19,666

 

 

$

9,265