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DEBT (Tables)
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
SCHEDULE OF LONG TERM DEBT

A summary of the Company’s current portion of debt at March 31, 2025 and December 31, 2024 is described as follows:

 

   March 31,   December 31, 
   2025   2024 
Oaktree Loan due January 2026  $111,263,000   $- 
Less: Unamortized debt issuance costs   (2,950,000)   -
Notes payable current, net  $108,313,000   $        - 

 

A summary of the Company’s non-current portion of debt at March 31, 2025 and December 31, 2024 is described as follows:

 

   March 31,   December 31, 
   2025   2024 
8.625% Senior Notes due April 2026  $75,000,000   $75,000,000 
11.875% Senior Notes due December 2027   40,250,000    40,250,000 
Oaktree Loan due January 2026   -    111,263,000 
Notes payable non-current, gross   115,250,000    226,513,000 
Less: Unamortized debt issuance costs   (2,749,000)   (6,974,000)
Notes payable non-current, net  $112,501,000   $219,539,000 
SCHEDULE OF FUTURE MINIMUM PAYMENT UNDER NOTES PAYABLES

At March 31, 2025, future minimum payments under the Company’s debt were as follows:

  

   Amount 
     
Remainder of 2025  $18,051,000 
2026   193,830,000 
2027   45,030,000 
Total minimum payments   256,911,000 
Less: amount representing interest payments   (30,398,000)
Notes payable, gross principal amount due   226,513,000 
Less: current portion, net of unamortized discount   (108,313,000)
Less: unamortized discount, net of premium   (5,699,000)
Notes payable, net of unamortized discount  $112,501,000