| Accounts Payable and Accrued Liabilities |
Note 7 - Accounts Payable and Accrued Liabilities Items included in accounts payable and accrued liabilities on the Company’s condensed consolidated balance sheets as of March 31, 2025 and December 31, 2024 are detailed in the table below:
|
|
|
|
|
|
|
|
|
(in thousands) |
|
March 31, 2025 |
|
|
December 31, 2024 |
|
Trade payable |
|
$ |
2,778 |
|
|
$ |
2,417 |
|
Accrued operating and administrative expenses (1) |
|
|
7,103 |
|
|
|
6,348 |
|
Security deposit |
|
|
2,447 |
|
|
|
2,462 |
|
Real estate tax payable |
|
|
1,210 |
|
|
|
1,307 |
|
Interest payable |
|
|
1,139 |
|
|
|
1,356 |
|
Derivative liability |
|
|
229 |
|
|
|
20 |
|
Lease payable |
|
|
1,325 |
|
|
|
1,382 |
|
Accounts payable and accrued liabilities |
|
$ |
16,231 |
|
|
$ |
15,292 |
|
(1)The table below provides additional details for items included in “Accrued operating and administrative expenses” as of March 31, 2025 and December 31, 2024:
|
|
|
|
|
|
|
|
|
(in thousands) |
|
March 31, 2025 |
|
|
December 31, 2024 |
|
Payroll and payroll related expenses |
|
$ |
1,421 |
|
|
$ |
1,155 |
|
Accrued cost of services |
|
|
1,170 |
|
|
|
950 |
|
Accrued legal and professional fees |
|
|
2,759 |
|
|
|
2,337 |
|
Insurance proceeds for repairs |
|
|
— |
|
|
|
2 |
|
Accrued construction in progress |
|
|
84 |
|
|
|
80 |
|
Accrued property operating expenses |
|
|
870 |
|
|
|
1,065 |
|
Other accrued expenses |
|
|
799 |
|
|
|
759 |
|
Accrued operating and administrative expenses |
|
$ |
7,103 |
|
|
$ |
6,348 |
|
|