v3.26.1
Note 9 - Third-party Long-term Debt (Tables)
6 Months Ended
Jun. 30, 2026
Notes Tables  
Schedule of Long-Term Debt Instruments [Table Text Block]
   

Original

  

Monthly Principal

    
   

Principal

  

and Interest Payment

    

Loan Description

Parties

 

(in millions)

 

Maturity

(in millions)

 

Interest Rate

 

Loan Purpose

Huntington Loans

          

LE Term Loan Due 2034 (in default)(1)

LE

 

$25.0

 

June 2034

$0.3

 

WSJ Prime + 2.75%

 

Capital improvements

 

Huntington

         

LRM Term Loan Due 2034 (in default)(1)

LRM

 

$10.0

 

December 2034

$0.1

 

WSJ Prime + 2.75%

 

Capital improvements

 

Huntington

         

GNCU Loan

          

NPS Term Loan Due 2031 (in default)(2)

NPS

 

$10.0

 

October 2031

$0.1

 

5.75%

 

Working capital

 

GNCU

         

SBA Economic Injury Disaster Loans

          

Blue Dolphin Term Loan Due 2051(3)

Blue Dolphin

 

$2.0

 

June 2051

$0.01

 

3.75%

 

Working capital

 

SBA

         

LE Term Loan Due 2050(4)

LE

 

$0.15

 

August 2050

$0.0007

 

3.75%

 

Working capital

 

SBA

         

NPS Term Loan Due 2050(4)

NPS

 

$0.15

 

August 2050

$0.0007

 

3.75%

 

Working capital

 

SBA

         
Equipment Loan Due 2031 (5)LE $0.138 March 2031$0.0028 12.7% Equipment Purchase
 Ritchie Bros. Financial Services         
Schedule of Debt [Table Text Block]
  June 30,  December 31, 
  

2026

  

2025

 
  

(in thousands)

 

Huntington Loans

        

LE Term Loan Due 2034 (in default)

 $16,963  $17,532 

LRM Term Loan Due 2034 (in default)

  7,065   7,326 

GNCU Loan

        

NPS Term Loan Due 2031 (in default)

  7,884   8,495 

SBA Economic Injury Disaster Loans

        

Blue Dolphin Term Loan Due 2051

  2,000   2,000 

LE Term Loan Due 2050

  150   150 

NPS Term Loan Due 2050

  150   150 

Equipment Loan Due 2031

  118   127 
   34,330   35,780 
         

Less: Long-term debt, net, current portion

  (30,510)  (31,830)

Less: Unamortized debt issue costs

  (1,439)  (1,540)
  $2,381  $2,410 
Schedule of Unamortized Debt Issuance Costs [Table Text Block]
  June 30,  December 31, 
  

2026

  

2025

 
  

(in thousands)

 

Huntington Loans

        

LE Term Loan Due 2034 (in default)

 $1,674  $1,674 

LRM Term Loan Due 2034 (in default)

  768   768 

GNCU Loan

        

NPS Term Loan Due 2031 (in default)

  730   730 
         

Less: Accumulated amortization

  (1,733)  (1,632)
  $1,439  $1,540 
Schedule of Accrued Interest on Long-term Debt [Table Text Block]
  June 30,  December 31, 
  

2026

  

2025

 
  

(in thousands)

 
         

SBA Economic Injury Disaster Loans

        

Blue Dolphin Term Loan Due 2051

 $30  $51 

LE Term Loan Due 2050

  3   5 

NPS Term Loan Due 2050

  3   5 

Huntington Loans

        

LE Term Loan Due 2034 (in default)

  178   41 

LRM Term Loan Due 2034 (in default)

  49   52 

GNCU Loan

        

NPS Term Loan Due 2031 (in default)

  15   15 
   278   169 

Less: Accrued interest payable, current portion

  (278)  (169)

Long-term interest payable, net of current portion

 $-  $-