CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 63,636	$ 52,054
Restricted cash	16,233	23,216
Restricted investment	170	128
Accounts receivable, net	24,075	26,945
Inventories ($145 and $386, respectively, attributable to VIEs)	2,593	2,481
Prepaid expenses and other assets ($559 and $530, respectively, attributable to VIEs)	16,852	16,418
Total current assets	128,302	140,930
Investments	14,397	9,265
Property and equipment, net ($435 and $707, respectively, attributable to VIEs)	62,100	56,852
Operating lease right-of-use assets	19,665	21,193
Deferred tax assets, net	3,231	4,358
Goodwill	61,013	61,013
Intangible assets, net	193,780	210,095
Other assets, net	1,359	1,101
Total assets	483,847	504,807
Current liabilities:
Accounts payable and accrued expenses	44,302	54,837
Dividends payable	47,794	28,508
Deferred income ($201 and $210, respectively, attributable to VIEs)	4,781	11,963
Deferred compensation plan	454	0
Notes payable, net ($316 and $387, respectively, attributable to VIEs)	4,575	4,387
Finance lease liabilities	285	437
Operating lease liabilities	4,348	4,160
Claims liabilities and other	34,388	31,112
Total current liabilities	140,927	135,404
Deferred income ($0 and $1,192, respectively, attributable to VIEs)	9,142	6,415
Deferred tax liability, net	30,987	29,517
Deferred compensation plan	1,185	891
Notes payable, net	135,142	132,579
Finance lease liabilities	2,786	2,832
Operating lease liabilities	17,146	19,174
Other liabilities	1,482	2,590
Total liabilities	338,797	329,402
Commitments and contingencies (note $9)
MEZZANINE EQUITY
Redeemable noncontrolling interests	2,128	1,972
EQUITY (DEFICIT)
Common stock, 100,000,000 shares authorized, $0.001 par value, 2,109,799 and 3,317,786 shares issued and 2,109,799 and 3,212,312 shares outstanding at September 30, 2024 and December 31, 2023, respectively	2	3
Additional paid-in capital	291,817	299,304
Accumulated deficit	(640,506)	(609,312)
Accumulated other comprehensive income (loss)	(247)	(213)
Treasury stock, at cost, 0 and 105,474 shares at September 30, 2024 and December 31, 2023, respectively	0	(1,354)
Total equity (deficit) of the Company	(348,934)	(311,572)
Noncontrolling interests in consolidated entities	13,856	7,005
Total equity (deficit)	(335,078)	(304,567)
Total liabilities, mezzanine equity and equity (deficit)	483,847	504,807
Series D Convertible Preferred Stock
Current liabilities:
Dividends payable	47,600	28,500
MEZZANINE EQUITY
Series D Convertible Preferred Stock, $0.001 par value, 19,120,000 shares issued and outstanding as of September 30, 2024 and December 31, 2023	478,000	478,000
Related Party \| Other Affiliated Entities
Current assets:
Due from related parties	468	41
Related Party \| Ashford Trust
Current assets:
Due from related parties	723	18,933
Current liabilities:
Deferred income ($201 and $210, respectively, attributable to VIEs)	142	183
Related Party \| Braemar
Current assets:
Due from related parties	3,552	714
Current liabilities:
Deferred income ($201 and $210, respectively, attributable to VIEs)	$ 69	$ 52

Ashford Inc. 10-Q