Accrued Expenses and Other Current Liabilities

9 Months Ended

Sep. 30, 2023

Payables and Accruals [Abstract]

Accrued Expenses and Other Current Liabilities

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities as of September 30, 2023 and December 31, 2022 consist of the following:

(in thousands)	September 30, 2023		December 31, 2022
Compensation, including bonuses, fringe benefits, and payroll taxes	$	5,137	$	5,310
Contract liabilities	545		1,139
Directors and officers insurance premiums	—		3,010
Deferred acquisition and contingent consideration (see Note 7 and 16)	3,318		802
Accrued interest	1,100		1,100
Other liabilities	2,623		3,234
Total accrued expenses and other current liabilities	$	12,723	$	14,595

Contract liabilities as of September 30, 2023 and December 31, 2022 consist of cumulative adjustments made to capitated revenue recognized in prior periods.

Pursuant to the Business Combination, the Company has agreed to indemnify members of the Board and certain officers if they are named or threatened to be named as a party to any proceeding by reason of the fact that they acted in such capacity. The Company entered into a financing arrangement to pay premiums for directors’ and officers’ (“D&O”) insurance coverage to protect against such losses on November 12, 2021. As of September 30, 2023, the remaining D&O principal balance was paid in full.