Quarterly report [Sections 13 or 15(d)]

Long Term Debt (Tables)

v3.26.3
Long Term Debt (Tables)
 9 Months Ended
Sep. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Long Term Debt

Long-term debt consists of the following as of September 30, 2026, and December 31, 2025:

 

(Amounts in Thousands)   September 30, 2026     December 31, 2025  
Revolving Credit facility dated May 8, 2020, subject to monthly borrowing base calculation. Effective interest rates for first nine months of 2026 was 8.8% (1)   $ —     $ —  
Term Loan dated July 31, 2023, payable in equal monthly installments in principal of approximately $42. Effective interest rates for first nine months of 2026 was 8.4% (1)     958       1,333  
Capital Loan dated May 4, 2021, payable in equal monthly installments in principal of approximately $9. Effective interest rates for first nine months of 2026 was 7.7% (1)     70       149  
Debt Issuance Costs (2)     (71 ) (2)     (114 ) (2)
Notes Payable up to 2044, with annual interest rates ranging from 7.5% to 10.7% (3)     851       504  
Total debt     1,808       1,872  
Less current portion of long-term debt     644       562  
Long-term debt   $ 1,164     $ 1,310  

 

(1) Our Revolving Credit facility is collateralized by our accounts receivable, and our Term Loan and Capital Loan are collateralized by our property, plant, and equipment.

 

 

(2) Aggregate unamortized debt issuance costs in connection with the Company’s Credit Facility, which consists of the Revolving Credit, Terms Loan and Capital Loan, as applicable.

 

(3) Includes two promissory notes executed in July 2024 and April 2026 in connection with the purchases of the Company’s EWOC property and a parcel adjacent to the Company’s PFNW facility, respectively. Each note contains a variable interest rate provision under which the applicable interest rate is adjusted based on the term of the note. (see a discussion of the April 2026 promissory note below).