Company: IMXI
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001683695-25-000030
Chunk: 126

Company: International Money Express, Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 126
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):2025$4,467 20263,749 20273,174 20282,692 20292,301 Thereafter10,464 $26,847 

F-20

NOTE 10 – WIRE TRANSFERS AND MONEY ORDERS PAYABLE, NET

Wire transfers and money orders payable, net, consisted of the following (in thousands):December 31,20242023Wire transfers payable, net$22,437 $63,212 Customer voided wires payable32,583 29,951 Money orders payable30,024 31,879 $85,044 $125,042 Customer voided wires payable consist primarily of wire transfers that were not completed because the recipient did not collect the funds within 30 days and the sender has not claimed the funds and, therefore, are considered unclaimed property. Included in money orders payable, there are money orders that were not cashed by the recipient and the purchaser of the instrument has not claimed the funds and, therefore, are considered unclaimed property. Unclaimed property laws of each state in the United States in which we operate, the District of Columbia, and Puerto Rico require us to track certain information for all of our money remittances and payment instruments and, if the funds underlying such remittances and instruments are unclaimed at the end of an applicable statutory abandonment period, require us to remit the proceeds of the unclaimed property to the appropriate jurisdiction. Applicable statutory abandonment periods range from three to seven years.

NOTE 11 – ACCRUED AND OTHER LIABILITIES

Accrued and other liabilities consisted of the following (in thousands):December 31,20242023Commissions payable to sending agents$18,080 $19,873 Accrued salaries and benefits5,581 8,094 Accrued bank charges1,839 1,382 Lease liability, current portion6,468 4,955 Accrued professional fees1,092 1,000 Accrued taxes2,965 8,613 Deferred revenue loyalty program2,692 4,771 Contingent consideration liability1,158 1,158 Acquisition related liabilities1,244 844 Accrued transaction costs1,600 20 Other4,715 3,951 $47,434 $54,661 The following table shows the changes in the deferred revenue loyalty program liability (in thousands):Balance