Related Parties |
6 Months Ended |
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Jun. 30, 2023 | |
Related Party Transactions [Abstract] | |
Related Parties | RELATED PARTIESLI Lending LLCLinchpin Investors LLC (“Linchpin”), a subsidiary of the Company, and LI Lending LLC (“LI Lending”) entered into a Construction Loan Agreement dated May 10, 2019, as amended, whereby Linchpin received an up-to $50.0 million loan from LI Lending, of which $43.0 million was drawn as of June 30, 2023. Mr. Gontmakher, the CEO of the Company, and Roman Tkachenko, a director of the Company, each hold a 14.28% ownership interest in LI Lending. The loan matures in May 2024. Upon maturity, an exit fee of $9.0 million is payable, for a total payable at maturity of $54.0 million. $50.6 million of the loan advanced includes the notes payable and accrued interest less debt discount of $0.2 million that was outstanding as of June 30, 2023. Of the $50.5 million outstanding at June 30, 2023, $7.6 million represents interest accrued through June 30, 2023. See Note 7 for details on the outstanding note payable. |