v3.26.1
Long-Term Debt and Borrowing Arrangements (Tables)
3 Months Ended
Mar. 31, 2026
Long-Term Debt and Borrowing Arrangements [Abstract]  
Schedule of Indebtedness

Indebtedness consisted of:

 

 

As of

 

 

 

March 31, 2026

 

 

December 31, 2025

 

 

Amount

 

 

Interest
Rate

 

 

Amount

 

 

Interest
Rate

 

$5.5 million revolving credit arrangement – related party

 

$

3,874

 

 

 

6.75

%

 

$

5,024

 

 

 

7.18

%

$15 million revolving credit arrangement – related party

 

 

3,475

 

 

 

6.75

%

 

 

 

 

 

%

$0.9 million term loan – related party

 

 

636

 

 

 

11.75

%

 

 

636

 

 

 

11.75

%

7 million term loan

 

 

1,733

 

 

 

4.21

%

 

 

2,172

 

 

 

4.38

%

1.5 million term loan

 

 

37

 

 

 

1.70

%

 

 

151

 

 

 

1.70

%

Deferred Loan Settlement - Note 7

 

 

6,887

 

 

 

%

 

 

6,887

 

 

 

%

$0.5 million demand note – related party

 

 

 

 

 

%

 

 

500

 

 

 

4.60

%

$0.25 million demand note – related party

 

 

100

 

 

 

4.60

%

 

 

250

 

 

 

4.60

%

 

 

16,742

 

 

 

 

 

 

15,620

 

 

 

 

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

 

 

(9,258

)

 

 

 

 

 

(3,155

)

 

 

 

 

$

7,484

 

 

 

 

 

$

12,465

 

 

 

 

Schedule of Related Party Revolving Credit Arrangements

 

Available
Capacity

 

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

 

$

1,626

 

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

 

 

11,525

 

 

 

$

13,151