Note 8 - Debt Obligations |
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| Debt Disclosure [Text Block] |
Note 8 — Debt Obligations
Revolving Line of Credit
As of June 29, 2025 and December 29, 2024, the Company had $15.0 million and $18.0 million of revolving debt outstanding, respectively, with an interest rate of 8.00% per annum. Heritage Bank has a first priority security interest in substantially all of the Company's tangible and intangible assets to secure any outstanding amounts under the agreement. The Company was in compliance with all loan covenants under the agreement as of the end of the current reporting period. Related interest expenses and annual facility fees recognized were $71 thousand and $121 thousand for the three and six months ended June 29, 2025, respectively, and were $15 thousand and $56 thousand for the three and six months ended June 30, 2024, respectively.
Financing Arrangements
The Company has acquired certain assets consisting of tooling for performance under revenue contracts with customers, with smaller amounts related to IT infrastructure components, that were financed through financing arrangements. The following table provides details for assets financed through financing arrangements as of June 29, 2025, and December 29, 2024 (in thousands):
The following table provides detail on payments related to financing arrangements for the three and six months ended June 29, 2025 and June 30, 2024 (in thousands):
The following table provides the details of future payments for assets purchased through financing arrangements as of June 29, 2025 (in thousands):
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