v3.23.1
Related-Party Transactions
3 Months Ended
Mar. 31, 2022
Related-Party Transactions  
Related-Party Transactions

5.           Related-Party Transactions

LGJV

Under the Unanimous Omnibus Partner Agreement, the Company provides certain management and administrative services to the LGJV. The Company earned $1,250 and $1,250 under this agreement for the three months ended March 31, 2022 and 2021, respectively. The income from these services has been recorded on the statements of operations under other income. In the March 31, 2021 unaudited financial statements filed on Form 10-Q, the management fee was presented as a reduction to general and administrative expense and is now presented in other income to be consistent with the 2021 10-K. The Company also incurs certain LGJV costs that are subsequently reimbursed by the LGJV. The Company received $1,667 and nil in cash from the LGJV under this agreement for the three months ended March 31, 2022 and 2021, respectively. The Company had receivables under this agreement of $417 and $833 as of March 31, 2022 and December 31, 2021, respectively.