Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.24.3
Debt (Tables)
 9 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Components of Debt

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

 

    September 30, 2024   December 31, 2023
    Amount     Rate     Maturity
date		   Amount     Rate     Maturity
date
Term loan, net   $ —       (1)     N/A   $ 2,881       (1)     N/A
Line of credit, net   $ 1,944       (2)     6/21/2025   $ 1,741       (2)     6/21/2025
Less current portion     1,944                   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. Prime Rate plus 250 basis points with an interest rate floor of 5.50% per annum.