5. Prepaid Expenses and Other Assets Prepaid expenses and other assets, net consisted of the following (in thousands): | | | | | | | | | March 31, | | December 31, | | | 2025 | | 2024 | | | (unaudited) | | | | Prepaid expenses | | $ | 17,807 | | $ | 10,488 | Inventory | | | 10,820 | | | 10,497 | Deferred financing costs | | | 1,872 | | | 2,223 | Property and equipment, net | | | 2,078 | | | 2,267 | Interest rate derivatives | | | 193 | | | 556 | Deferred rent on straight-lined third-party tenant leases | | | 413 | | | 369 | Liquor licenses | | | 930 | | | 930 | Other | | | 434 | | | 427 | Total prepaid expenses and other assets, net | | $ | 34,547 | | $ | 27,757 |
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