v3.26.1
PREPAID EXPENSES AND OTHER ASSETS
 3 Months Ended
Mar. 31, 2026
Prepaid Expense and Other Assets [Abstract]  
PREPAID EXPENSES AND OTHER ASSETS PREPAID EXPENSES AND OTHER ASSETS
Prepaid expenses and other current assets consisted of the following (in thousands):

March 31, 2026December 31, 2025
Prepaid insurance$721 $1,343 
Prepaid fees and services2,450 3,057 
Agent incentive advances
1,973 2,166 
Agent advances receivable, net of allowance1,796 1,798 
Prepaid marketing expenditures1,859 1,318 
Prepaid income taxes8,315 8,123 
Prepaid expenses and other current assets2,124 1,806 
$19,238 $19,611 

Other assets consisted of the following (in thousands):

March 31, 2026December 31, 2025
Revolving credit facility origination fees$3,340 $3,593 
Agent incentive advances
1,385 1,750 
Agent advances receivable, net of allowance2,784 2,696 
Right-of-use assets, net15,660 15,878 
Funds held by seized banking entities, net of allowance1,765 1,774 
Other assets1,681 2,302 
$26,615 $27,993 

During 2021, local banking regulators in Mexico resolved to close and liquidate a local financial institution, citing a lack of compliance with minimum capital requirements. The Company has approximately $6.1 million of exposure from deposits it held with this bank when it was closed. In accordance with the banking regulations in Mexico, large depositors such as the Company will be paid once the assets of the financial institution are liquidated. Currently, it is difficult to predict the length of the liquidation process or if the proceeds from the asset liquidation will be sufficient to recover a portion or all of its funds on deposit. The Company maintains a valuation allowance of approximately $4.3 million as of March 31, 2026 in connection with the balance of deposits held by the financial institution as a result of its closure, which has not materially changed since 2022.