Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.23.2
Debt (Tables)
 6 Months Ended
Jun. 30, 2023
Debt Disclosure [Abstract]  
Schedule of Components of Debt
The components of the Company’s debt consist of the following (in thousands):
June 30, 2023 December 31, 2022
Amount Rate Maturity
date		 Amount Rate Maturity
date
Term loan, net $ 2,550  (2) 6/21/2026
Line of credit, net $ 2,260  (3) 6/21/2025 $ 11,444  (1) 10/31/2024
Less current portion 2,260  — 
Total long-term debt $ 2,550  $ 11,444 
(1)Interest at a variable rate of the daily U.S. Federal Funds Rate plus 375 basis points with an interest rate floor of 3.75% per annum.
(2)Interest at a fixed rate of 10.00% per annum.
(3)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.
Schedule of Future Debt Maturities
Future debt maturities as of June 30, 2023 and for succeeding years are as follows (in thousands):
Year ending December 31:
2024 $ — 
2025 $ — 
2026 $ 2,792 
Less: Accumulated Debt Issuance Costs $ (242)
Total $ 2,550