OFF-BALANCE SHEET ARRANGEMENTS |
6 Months Ended |
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Jun. 30, 2025 | |
Compensation Related Costs [Abstract] | |
OFF-BALANCE SHEET ARRANGEMENTS | NOTE 16. OFF-BALANCE SHEET ARRANGEMENTS
In the normal course of business, the Company’s contract with the government of El Salvador for the operation of the Chivo branded ATMs obligates the Company to assume the risk of loss for funds used in the operation of the Chivo branded ATMs while those funds are in transit. The Company has contracted with licensed and insured cash logistics companies to securely transport these funds. The logistics companies’ insurance covers in full the value of the funds in transit, however, in the event of a loss or destruction of the funds in transit, the Company could encounter a timing delay between insurance payment for lost funds and the date of actual loss. The amount of funds in transit varies based on multiple factors including but not limited to economic activity, seasonality, holiday and bank closure calendars. The amount of funds in transit as of June 30, 2025 and December 31, 2024, was $911 thousand and $4.7 million, respectively.
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