| Summary of Notes Payable |
The Company has the following notes payable under equipment financing arrangements associated with CCCI (in thousands):
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Successor - AIAI
June 30, 2026 |
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Predecessor - CCCI
December 31, 2025 |
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Note payable due in monthly installments of $13,195, at 0.00% stated interest, 8.75% imputed interest, maturing October 2028, secured by certain equipment |
$ |
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345 |
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$ |
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396 |
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Note payable due in monthly installments of $8,676, at 0.00% stated interest, 8.75% imputed interest, maturing October 2027, secured by certain equipment |
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134 |
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176 |
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Note payable due in monthly installments of $14,043, at 6.89% stated interest, 8.50% imputed interest, maturing January 2028, secured by certain equipment |
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254 |
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321 |
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Note payable due in monthly installments of $18,176, at 5.99% stated interest, 8.50% imputed interest, maturing February 2028, secured by certain equipment |
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345 |
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430 |
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Note payable due in monthly installments of $9,567, at 5.99% stated interest, 8.50% imputed interest, maturing April 2028, secured by certain equipment |
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199 |
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242 |
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Note payable due in monthly installments of $8,865, at 3.99% stated interest, 8.50% imputed interest, maturing May 2028, secured by certain equipment |
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192 |
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231 |
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Note payable due in monthly installments of $2,923, at 0.00% stated interest, 8.50% imputed interest, maturing June 2029, secured by certain equipment |
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96 |
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106 |
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Note payable due in monthly installments of $1,594, at 0.00% stated interest, 8.50% imputed interest, maturing July 2029, secured by certain equipment |
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54 |
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59 |
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Note payable due in monthly installments of $73,514, at 5.20% stated interest, 8.50% imputed interest, maturing September 2028, secured by certain equipment |
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1,853 |
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2,156 |
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Note payable due in monthly installments of $4,422, at 0.00% stated interest, 8.00% imputed interest, maturing October 2029, secured by certain equipment |
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160 |
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173 |
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Note payable due in monthly installments of $7,899, at 0.00% stated interest, 8.00% imputed interest, maturing November 2029, secured by certain equipment |
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292 |
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315 |
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Note payable due in monthly installments of $1,438, at 0.00% stated interest, 8.00% imputed interest, maturing December 2030, secured by certain equipment |
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68 |
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70 |
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Note payable due in monthly installments of $19,987 at 0.00% stated interest, 8.00% imputed interest, maturing November 2027, secured by certain equipment |
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327 |
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425 |
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Note payable due in monthly installments of $1,473, at 0.00% stated interest, 7.75% imputed interest, maturing April 2031, secured by certain equipment |
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74 |
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— |
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Note payable due in monthly installments of $17,084, at 5.20% stated interest, 7.75% imputed interest, maturing May 2029, secured by certain equipment |
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551 |
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— |
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$ |
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4,944 |
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$ |
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5,100 |
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Less: Current portion |
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(2,215 |
) |
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(1,849 |
) |
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$ |
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2,729 |
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$ |
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3,251 |
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| Schedule of Debt Facilities |
A reconciliation of the debt facilities discussed above to amounts presented on the unaudited condensed consolidated balance sheet as of June 30, 2026 (Successor) is as follows (in thousands):
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Short-term debt - third parties |
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Current portion of long-term debt |
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Long-term debt, net of current portion |
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Short-term debt - related parties |
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Long-term debt - related parties |
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Total |
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CCCI equipment financing arrangements |
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$ |
— |
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$ |
2,215 |
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$ |
2,729 |
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$ |
— |
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$ |
— |
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$ |
4,944 |
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CCCI Revolving Credit Note |
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— |
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5,541 |
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8,300 |
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— |
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— |
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13,841 |
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CCCI Revolving Line of Credit |
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— |
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— |
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7,917 |
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— |
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— |
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7,917 |
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MediGuide indebtness - third parties |
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1,548 |
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— |
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— |
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— |
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— |
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1,548 |
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Vanguard indebtness - third parties |
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1,497 |
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— |
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— |
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— |
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— |
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1,497 |
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Vanguard Founder Loan |
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— |
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— |
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— |
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1,853 |
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— |
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1,853 |
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Founder Loan |
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— |
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— |
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— |
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— |
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7,130 |
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7,130 |
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Total debt |
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$ |
3,045 |
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$ |
7,756 |
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$ |
18,946 |
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$ |
1,853 |
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$ |
7,130 |
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$ |
38,730 |
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