v3.26.1
Long-Term Debt and Borrowing Arrangements (Tables)
12 Months Ended
Dec. 31, 2025
Long-Term Debt and Borrowing Arrangements [Abstract]  
Schedule of Indebtedness

Indebtedness consisted of:

 

 

As of

 

 

 

December 31, 2025

 

 

December 31, 2024

 

 

Amount

 

 

Interest
Rate

 

 

Amount

 

 

Interest
Rate

 

$14.77 Term Loan – related party

 

$

 

 

 

%

 

$

14,765

 

 

 

8.00

%

$5.5 million revolving credit arrangement – related party

 

 

5,024

 

 

 

7.18

%

 

 

14,140

 

 

 

4.09

%

$7.22 million term loan – related party

 

 

636

 

 

 

11.75

%

 

 

7,221

 

 

 

9.34

%

7 million term loan

 

 

2,172

 

 

 

4.38

%

 

 

3,299

 

 

 

5.66

%

$1.25 million term loan

 

 

 

 

 

%

 

 

1,250

 

 

 

9.35

%

1.5 million term loan

 

 

151

 

 

 

1.70

%

 

 

532

 

 

 

1.70

%

Deferred Loan Settlement

 

 

6,887

 

 

 

%

 

 

 

 

 

%

$0.5 million demand note – related party

 

 

500

 

 

 

4.60

%

 

 

 

 

 

%

$0.25 million demand note – related party

 

 

250

 

 

 

4.60

%

 

 

 

 

 

%

 

 

15,620

 

 

 

 

 

 

41,207

 

 

 

 

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

 

 

(3,155

)

 

 

 

 

 

(10,230

)

 

 

 

 

$

12,465

 

 

 

 

 

$

30,977

 

 

 

 

Schedule of Outstanding Debt

Outstanding debt as of December 31, 2025 matures as follows:

 

 

 

Amount

 

Within 1 year

 

$

3,155

 

Between 1 and 2 years

 

 

7,441

 

Between 2 and 3 years

 

 

 

Between 3 and 4 years

 

 

 

Between 4 and 5 years

 

 

 

Thereafter

 

 

5,024

 

Total

 

$

15,620

 

Schedule of Related Party Revolving Credit Arrangements

As of December 31, 2025, the remaining commitment available under the Company’s related party revolving credit arrangements was as follows:

 

 

Available
Capacity

 

$5.5 million revolving credit arrangement (due September 30, 2034)

 

$

476

 

$15 million revolving credit arrangement (due September 30, 2030)

 

 

15,000

 

 

$

15,476