Equity Method Investments (Tables)

3 Months Ended

Mar. 31, 2024

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Joint Venture Revenues and Net Income (Loss)

The table below details the Company’s joint venture revenues and earnings during the three months ended March 31, 2024 and 2023 (in thousands):

	March 31,
	2024			2023
Revenues and gross profit:
KNFH LLC	$	—		$	440
DHC8 LLC		321			445
KNFH II LLC		—			—
HGC Origination I LLC and HGC Funding I LLC		1,140			1,297
HGC MPG Funding LLC		1,241			—
Total revenues and gross profit	$	2,702		$	2,182
Operating income (loss) and net income (loss):
KNFH LLC		—			(10	)
DHC8 LLC		268			378
KNFH II LLC		(44	)		—
HGC Origination I LLC and HGC Funding I LLC		1,134			1,304
HGC MPG Funding LLC		1,241			—
Total operating income and net income	$	2,599		$	1,672

Schedule of the Components of Assets and Liabilities

The table below details the summarized components of assets and liabilities of the Company’s joint ventures, as of March 31, 2024 and December 31, 2023 (in thousands):

	March 31,		December 31,
	2024		2023
Assets:
KNFH LLC	$	—	$	292
DHC8 LLC		4,700		7,061
KNFH II LLC		8,306		8,150
HGC Origination I LLC and HGC Funding I LLC		27,174		28,389
HGC MPG Funding LLC		36,413		38,081
Total assets	$	76,593	$	81,973
Liabilities:
KNFH LLC	$	—	$	289
DHC8 LLC		1,080		1,102
KNFH II LLC		4,000		4,000
HGC Origination I LLC and HGC Funding I LLC		1,244		10
HGC MPG Funding LLC		—		—
Total liabilities	$	6,324	$	5,401