v3.26.1
Schedule of Long Term Debt (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Debt Instrument [Line Items]    
Debt issuance costs [1] $ (71) $ (114)
Total debt 1,980 1,872
Less current portion of long-term debt 616 562
Long-term debt 1,364 1,310
Capital Loan [Member]    
Debt Instrument [Line Items]    
Total debt [3] 96 [2] 149
Revolving Credit [Member]    
Debt Instrument [Line Items]    
Total debt [3] [2]
Term Loan [Member]    
Debt Instrument [Line Items]    
Total debt [3] 1,083 [2] 1,333
Notes Payable [Member]    
Debt Instrument [Line Items]    
Total debt [4] $ 872 $ 504
[1] Aggregate unamortized debt issuance costs in connection with the Company’s Credit Facility.
[2] As discussed in Note 14 – “Subsequent Events – Credit Facility”, on August 10, 2026, the Company entered into an amendment to its PNC Loan Agreement which extended the maturity date of the Credit Facility under the PNC Loan Agreement from May 15, 2027 to May 15, 2030, among other things. In accordance with ASC 470, “Debt,” this post balance-sheet date agreement demonstrated the Company’s ability to refinance its short-term obligations on a long-term basis; therefore, the Company has reclassified the current portion of the outstanding debt to long-term except for approximately $500,000 in principal payments under the Term Loan that will be due by June 30, 2027. The Capital Loan was not affected by the amendment and remained as a current liability (see Note 14 - “Subsequent Events – Credit Facility” for a discussion of this amendment).
[3] Under our Credit Facility, our Revolving Credit is collateralized by our accounts receivable, and our Term Loan and Capital Loan are collateralized by our property, plant, and equipment.
[4] Includes two promissory notes executed in July 2024 and April 2026 in connection with the purchases of the Company’s EWOC property and a parcel adjacent to the Company’s PFNW facility, respectively. Each note contains a variable interest rate provision under which the applicable interest rate is adjusted based on the term of the note. (see a discussion of the April 2026 promissory note below).