Company: IMXI
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001683695-25-000030
Chunk: 123

Company: International Money Express, Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 123
---
, $8.0 million and $5.2 million for the years ended December 31, 2024, 2023 and 2022, respectively. Repairs and maintenance expenses included in other selling, general and administrative expenses in the consolidated statements of income and comprehensive income were approximately $6.1 million, $5.4 million and $3.7 million for the years ended December 31, 2024, 2023 and 2022, respectively.

NOTE 8 – LEASES

To conduct certain of our operations, the Company is a party to leases for office space, warehouses and Company-operated store locations. In December 2022, the Company entered into a lease agreement, which expires in 2033, for its new headquarters to accommodate its growing workforce. The new lease agreement provides for the Company to receive a tenant allowance amounting to approximately $3.8 million through the construction period, all of which has been disbursed through December 31, 2024. Also, the Company commenced making monthly lease payments on November 1, 2024.  The presentation of right-of-use assets and lease liabilities in the consolidated balance sheets is as follows (in thousands):LeasesClassificationDecember 31, 2024December 31, 2023AssetsRight-of-use assetsOther assets(1)$18,511 $22,100 Total leased assets$18,511 $22,100 LiabilitiesCurrentOperatingAccrued and other liabilities$6,468 $4,955 NoncurrentOperatingLease liabilities18,582 22,670 Total Lease liabilities$25,050 $27,625 (1) Operating right of-use assets are recorded net of accumulated amortization of $14.5 million and $10.0 million as of December 31, 2024 and 2023, respectively.Operating lease cost for the years ended December 31, 2024, 2023 and 2022, respectively, was as follows (in thousands):Year EndedLease CostDecember 31, 2024December 31, 2023December 31, 2022Operating lease cost(1)$7,028 $7,848 $3,105 

F-18

(1) Operating lease cost is included in other selling, general and administrative expenses in the consolidated statement of income and comprehensive income for the years ended December 31, 2024, 2023 and