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PREPAID EXPENSES AND OTHER ASSETS
6 Months Ended
Jun. 30, 2024
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):

June 30, 2024December 31, 2023
Prepaid insurance$342 $1,205 
Prepaid fees and services2,098 2,299 
Agent incentive advances
2,222 1,692 
Agent advances receivable, net of allowance2,149 1,514 
Prepaid income taxes1,664 747 
Tenant allowance184 1,621 
Legal settlement receivable
570 — 
Prepaid expenses and other current assets1,034 990 
$10,263 $10,068 

Other assets consisted of the following (in thousands):

June 30, 2024December 31, 2023
Revolving credit facility origination fees$1,337 $1,692 
Agent incentive advances
3,961 3,372 
Agent advances receivable, net of allowance2,781 2,897 
Right-of-use assets, net20,207 22,100 
Funds held by seized banking entities, net of allowance1,746 1,890 
Fixed assets in process241 6,358 
Other assets2,433 1,844 
$32,706 $40,153 

As of June 30, 2024 and December 31, 2023, fixed assets in process included approximately $0.1 million and $6.1 million, respectively, in capital expenditures related to lease hold improvements and other assets in connection with our new headquarters (see Note 7).

Prior to 2022, 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 $6.0 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 any of the Company's funds on deposit. The Company maintains a valuation allowance of approximately $4.3 million in connection with the balance of deposits held by the financial institution as a result of its closure.