v3.26.1
LINE OF CREDIT AND LONG-TERM DEBT (Tables)
6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Our Credit Facilities consisted of the following as of:

Our Credit Facilities consisted of the following as of:

 

    June 30,     December 31,  
    2026     2025  
Long-term debt   $ 9,937,500     $ 10,000,000  
Unamortized value of debt issuance costs   (109,449)       (121,610)  
Net carrying value     9,828,051       9,878,390  
Less: current portion of long-term debt     250,000       187,500  
Long-term debt, net of current portion   $ 9,578,051     $ 9,690,890  
As of June 30, 2026, the aggregate future principal payments on long term debt are as follows:

The Credit Facilities mature on December 12, 2030. The Term Loan was funded in full on the closing date and is repayable in scheduled quarterly installments beginning on April 5, 2026. As of June 30, 2026, the aggregate future principal payments on long term debt are as follows:

 

    Period   Year Ended
December 31,
 
    2026 (Remaining six months)     $ 125,000  
    2027     $ 250,000  
    2028     $ 437,500  
    2029     $ 687,500  
    2030     $ 8,437,500  
    Total     $ 9,937,500