| Schedule of Long-Term Debt |
Long-term debt consisted of the following: | | | | | | | | | | | | | | | March 31, 2026 | | December 31, 2025 | | (in thousands) | Repurchase promissory note, interest paid at 11.0%, due June 2026 | $ | 35,113 | | | $ | 34,189 | | Term loan facility, interest paid at 12.0%, due September 2027 | 83,901 | | | 82,885 | | VGS 1 promissory note, interest paid at 13.5%, due June 2028 | 50,854 | | | 49,374 | | VGS 2 promissory note, interest paid at 17.5%, due September 2027 | 40,133 | | | 38,667 | | VGS 3 promissory note, interest paid at 19.5%, due June 2028 | 36,943 | | | 35,435 | | VGS 4 promissory note, interest paid at 19.5%, due August 2028 | 42,854 | | | 41,110 | | VGS 5 promissory note, interest paid at 19.5%, due August 2028 | 89,458 | | | 55,070 | | | | | | | Long-term debt, gross | 379,256 | | | 336,730 | | | Less: unamortized debt issuance costs and original issue discount | (68,251) | | | (63,320) | | | 311,005 | | | 273,410 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Less: current portion of long-term debt | (51,436) | | | (45,036) | | | Long-term debt, net | $ | 259,569 | | | $ | 228,374 | |
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