Long-term Debt |
12 Months Ended | ||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||
| Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||
| Long-term Debt | Note 7 – Long-term Debt
Long-term debt consists of the following as of December 31 (in thousands):
In September 2022, the Company entered into a loan agreement to fund the acquisition of equipment in the amount of $0.4 million payable in monthly repayment of $8,000 including interest at 6% per annum.
In February 2026, the Company repaid the loan in full in anticipation of selling the equipment as discussed in Note 5. Accordingly, the entire balance as of December 31, 2025 has been classified as a current liability.
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