Debt and Other Financing Arrangements (Tables)

3 Months Ended

Mar. 31, 2025

Summary of the Company's Long-term Indebtedness

The Company’s indebtedness consisted of the following (in thousands):


	March 31, 2025		December 31, 2024
Term loan facility payable to WTI, net	$	5,088	$	4,819
Line of credit	8,498		6,263
Financed insurance premium	313		615
Total debt	13,899		11,697
Less: current portion	(10,053)		(7,366)
Total long-term debt, net	$	3,846	$	4,331

Schedule of WTI Loan Facility

As of March 31, 2025, details of the WTI Loan Facility were as follows (in thousands):


	Amount
Principal outstanding	$	7,500
Unamortized debt issuance costs	(2,516)
Accrued PIK Interest	104
Net carrying value	$	5,088

Summary of Future Aggregate Maturities of Notes Payable

As of March 31, 2025, future aggregate maturities of the WTI Loan Facility and Financed Insurance Premium payables were as follows (in thousands):


March 31, 2025	Amount
Remaining nine months of 2025	$	801
2026	3,146
2027	3,550
2028	420
Total	$	7,917

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details