v3.25.2
Long-Term Debt and Borrowing Arrangements (Tables)
6 Months Ended
Jun. 30, 2025
Long-Term Debt and Borrowing Arrangements [Abstract]  
Schedule of Indebtedness

Indebtedness consisted of:

 

 

As of

 

 

 

June 30, 2025

 

 

December 31, 2024

 

 

Amount

 

 

Interest
Rate

 

 

Amount

 

 

Interest
Rate

 

$14.77 Term Loan – related party

 

$

14,765

 

 

 

8.00

%

 

$

14,765

 

 

 

8.00

%

$15 million revolving credit arrangement-related party

 

 

14,042

 

 

 

7.31

%

 

 

14,140

 

 

 

4.09

%

$7.22 million term loan – related party

 

 

7,221

 

 

 

11.75

%

 

 

7,221

 

 

 

9.34

%

7 million term loan

 

 

2,950

 

 

 

4.58

%

 

 

3,299

 

 

 

5.66

%

$1.25 million term loan

 

 

1,250

 

 

 

11.75

%

 

 

1,250

 

 

 

9.35

%

1.5 million term loan

 

 

376

 

 

 

1.70

%

 

 

532

 

 

 

1.70

%

 

 

40,604

 

 

 

 

 

 

41,207

 

 

 

 

Less: Current portion of long-term debt and short term debt

 

 

(10,427

)

 

 

 

 

 

(10,230

)

 

 

 

 

$

30,177

 

 

 

 

 

$

30,977

 

 

 

 

Schedule of Related Party Revolving Credit Arrangements

As of June 30, 2025, the remaining commitment available under the Company’s related party revolving credit arrangements was as follows:

 

 

Available
Capacity

 

$15 million revolving credit arrangement (due September 30, 2034)

 

$

958