Debt (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Debt [Abstract] |
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| Schedule of Indebtedness to Third Parties |
Indebtedness to third parties consists of the following: | | | June 30, | | | December 31, | | | | | 2026 | | | 2025 | | | Current Credit Facility – Revolver | | $ | 18,683,000 | | | $ | 17,618,000 | | | Current Credit Facility – Term Loan | | | 5,331,000 | | | | 5,855,000 | | | Solar Credit Facility | | | 957,000 | | | | 971,000 | | | Finance lease obligations | | | 666,000 | | | | 784,000 | | | Loans Payable - financed assets | | | 1,000 | | | | 5,000 | | | Subtotal | | | 25,638,000 | | | | 25,233,000 | | | Less: Current portion | | | (24,217,000 | ) | | | (23,721,000 | ) | | Long-Term Portion | | $ | 1,421,000 | | | $ | 1,512,000 | |
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| Schedule of Payments Due Under the Term Loan |
The below table shows the timing of payments due under the Term Loan: | For the year ending | | Amount | | | December 31, 2026 (remainder of year) | | $ | 5,331,000 | | | Term Loan payable | | | 5,331,000 | | | Less: Current portion of Term Loan payable | | | (5,331,000 | ) | | Total long-term portion of Term Loan payable | | $ | - | |
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| Schedule of Finance Lease Obligations |
The leases have an average imputed interest rate of 7.43% per annum and are payable monthly with the final payments due between September of 2026 and May of 2030. | | | Three Months Ended | | | Six Months Ended | | | | | June 30, | | | June 30, | | | June 30, | | | June 30, | | | | | 2026 | | | 2025 | | | 2026 | | | 2025 | | | Finance Lease cost: | | | | | | | | | | | | | | Amortization of ROU assets | | $ | 49,000 | | | $ | 49,000 | | | $ | 98,000 | | | $ | 98,000 | | | Interest on lease liabilities | | | 13,000 | | | | 18,000 | | | | 27,000 | | | | 36,000 | | | Total lease Costs | | $ | 62,000 | | | $ | 67,000 | | | $ | 125,000 | | | $ | 134,000 | | | | | | | | | | | | | | | | | | | | | Other Information: | | | | | | | | | | | | | | | | | | Cash Paid for amounts included in the measurement lease liabilities: | | | | | | | | | | | | | | | | | | Financing cash flow from finance lease obligations | | $ | 60,000 | | | $ | 55,000 | | | $ | 118,000 | | | $ | 109,000 | | | | | | | | | | | | | | | | | | | | | Supplemental disclosure of non-cash activity | | | | | | | | | | | | | | | | | | Acquisition of finance lease asset | | $ | - | | | $ | - | | | $ | - | | | $ | - | | | | June 30, | | | December 31, | | | | | 2026 | | | 2025 | | | Weighted Average Remaining Lease Term - in years | | | 3.6 | | | | 4.8 | | | Weighted Average Discount rate - % | | | 7.43 | % | | | 7.44 | % |
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| Schedule of Future Minimum Finance Lease Payments |
As of June 30, 2026, the aggregate future minimum finance lease payments, including imputed interest are as follows: | For the year ending | | Amount | | | December 31, 2026 (remainder of year) | | $ | 120,000 | | | December 31, 2027 | | | 190,000 | | | December 31, 2028 | | | 190,000 | | | December 31, 2029 | | | 191,000 | | | December 31, 2030 | | | 74,000 | | | Total future minimum finance lease payments | | | 765,000 | | | Less: imputed interest | | | (99,000 | ) | | Less: Current portion | | | (173,000 | ) | | Long-term portion | | $ | 493,000 | |
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| Schedule of Annual Maturities |
Annual maturities of this loan are as follows:
| For the year ending | | Amount | | | December 31, 2026 (remainder of year) | | $ | 1,000 | | | Loans Payable - financed assets | | | 1,000 | | | Less: Current portion | | | (1,000 | ) | | Long-term portion | | $ | - | |
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| Schedule of Related Party Notes Outstanding |
The Related Party Notes outstanding as of June 30, 2026 and December 31, 2025 consist of: | | | Michael Taglich, | | | Robert Taglich, | | | Taglich Brothers, | | | | | | | | Director | | | Director | | | Inc. | | | Total | | | Convertible Subordinated Notes | | $ | 2,416,000 | | | $ | 1,905,000 | | | $ | - | | | $ | 4,321,000 | | | Subordinated Notes | | | - | | | | 550,000 | | | | - | | | | 550,000 | | | Total | | $ | 2,416,000 | | | $ | 2,455,000 | | | $ | - | | | $ | 4,871,000 | |
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