Quarterly report [Sections 13 or 15(d)]

Loans Receivable (Tables)

v3.25.2
Loans Receivable (Tables)
6 Months Ended
Jun. 30, 2025
Loans Receivable  
Schedules of loans receivable

A breakdown of the loans receivable balances are as follows:

Loans receivable

    

June 30, 2025

    

December 31, 2024

Teneo Fund SPVi LLC Note

$

5,386

$

5,472

Less allowance for expected credit losses

(4,556)

(4,556)

Loans receivable

$

830

$

916

Schedule of analysis of credit quality of loans receivable

The following tables present an analysis of the credit quality of loans receivable, together with impairment losses recognized based on lifetime CECL reserves:

As of June 30, 2025

Nature of collateral

    

Gross amounts

    

Loan losses

    

Net

Security interest in assets of counterparty

$

5,386

$

(4,556)

$

830

Net loans receivable

$

5,386

$

(4,556)

$

830

As of December 31, 2024

Nature of collateral

    

Gross amounts

    

Loan losses

    

Net

Security interest in assets of counterparty

$

5,472

$

(4,556)

$

916

Net loans receivable

$

5,472

$

(4,556)

$

916