v3.25.1
Debt and other financial liabilities (Tables)
12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Summary of Outstanding Short-Term and Long-Term Debt
The following table summarizes our outstanding short-term and long-term debt and other financial liabilities:
As of December 31,
2024
As of December 31,
2023
Loan with Itaú Unibanco S.A. principal amounts 17,200,000 Reais and 3,000,000 Reais
2,051 3,605 
Long-term debt, including current maturities2,051 3,605 
Less: Current maturities of long-term debt1,147 1,343 
Long-term debt, excluding current maturities$904 $2,262 
Short-term debt, including current maturities of long-term debt49,625 28,530 
Total short-term and long-term debt$50,529 $30,792 
Summary of Long-Term Debt Instruments
The following table shows the details of the long-term debt outstanding as of December 31, 2024:
LoanIssuance
date
Maturity
date
CurrencyAmount in original currencyAmount in U.S. dollarsInterest rateInterest
payment
Itaú Unibanco S.A.November 2020November 2026Reais10,782 1,747 4%Monthly
Itaú Unibanco S.A.November 2020November 2026Reais1,8783044%Monthly
Summary of Changes in Debt
The changes in the balance of our total short-term and long-term debt as of December 31, 2024 and 2023 consist of the following:
As of December 31,
2024
As of December 31,
2023
Balance, beginning of year$30,792 $35,050 
Payments of debenture issuance by securitization program (Note 10)— (2,231)
Payment of borrowings(804)(5,807)
Accrued interest410 630 
Interest paid(502)(361)
Foreign currency translation adjustment(658)(211)
Short-term loans, net (1)21,291 3,722 
Balance, end of year$50,529 $30,792 
(1) Includes loans that were reclassified from long-term debt to short-term debt.