v3.26.1
NOTES PAYABLE
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
NOTES PAYABLE NOTES PAYABLE
The Company has purchased various fixed assets using notes. The notes on financed equipment are subject to annual interest rates between 9.5 percent and 15.1 percent and have a weighted average remaining term of 1.7 years. The weighted average interest rate of the Company’s financed equipment notes was 11.5 percent. Notes used to finance equipment mature between April 2026 and March 2028.

The Company has also financed certain annual insurance premiums using notes. The insurance notes are subject to annual interest rates between 7.3 percent and 7.7 percent and have a weighted average remaining term of 0.4 years. The weighted average interest rate of the Company’s financed equipment notes was 7.5 percent. Notes used to finance insurance premiums mature between February 2026 and August 2026.

As of December 31, 2025, future minimum payments under notes payable were as follows:

In ThousandsFinanced EquipmentInsuranceTotal Notes Payable
2026$151 $308 $459 
202789 — 89 
202811 — 11 
251 308 559 
Less: interest(25)(6)(31)
Total$226 $302 $528 
Current portion$133 $302 $435 
Noncurrent portion$93 $— $93