Better Choice Company Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

Debt (Tables)

Debt (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of Components of Debt

The components of the Company’s debt consist of the following (in thousands):

Schedule of Components of Debt

	December 31, 2024					December 31, 2023
	Amount		Rate		Maturity date	Amount		Rate		Maturity date
Term loan, net	$	–		(1)	N/A	$	2,881		(1)	6/21/2026
Line of credit, net		2,414		(2)	6/21/2025		1,741		(2)	6/21/2025
Total debt		2,414					4,622
Less current portion		2,414					4,622
Total long-term debt	$	–				$	–

(1)	Interest at a fixed rate of 10.00% per annum.

(2)	Interest at a variable rate of the daily U.S. Federal Funds Rate plus 250 basis points with an interest rate floor of 5.50% per annum.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details