v3.25.1
Debt (Tables)
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
Long-term debt consists of the following obligations as of:
(in thousands)March 31, 2025December 31, 2024
A&R Wintrust Revolving Loans10,000 10,000 
Finance leases – collateralized by vehicles, payable in monthly installments of principal, plus interest ranging from 3.96% to 8.60% through 2031
12,126 11,888 
Financing liability5,351 5,351 
Total debt27,477 27,239 
Less - Current portion of long-term debt(3,419)(3,314)
Less - Unamortized discount and debt issuance costs(366)(371)
Long-term debt$23,692 $23,554 
Schedule of Additional Margin and Commitment Fees Payable
The following is a summary of the applicable margin and commitment fees payable on the Second A&R Wintrust Revolving Loan credit commitment:
LevelSenior Leverage RatioApplicable Margin for SOFR Revolver loansApplicable Margin for
Prime Revolving loans		Applicable Margin for commitment fee
I
Greater than 1.00 to 1.00
3.10 %— %0.25 %
II
Less than or equal to 1.00 to 1.00
2.60 %(0.50)%0.25 %