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Long-Term Debt and Borrowing Arrangements (Tables) | 6 Months Ended
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Jun. 30, 2024
Long-Term Debt and Borrowing Arrangements [Abstract] |
Schedule of Indebtedness | The Company’s indebtedness as of June 30, 2024 and December 31, 2023 consisted of the following:
|  | As of June 30, 2024 |  |  | Interest Rate |  |  | As of December 31, 2023 |  |  | Interest Rate |
$10 million revolving credit arrangement – related party (due December 2026) |  | $ | 7,036 |  |  |  | 2.75 | % |  | $ | 6,828 |  |  |  | 2.75 | %
€1.5 million term loan (due April 2026) |  |  | 750 |  |  |  | 1.70 | % |  |  | 980 |  |  |  | 1.70 | %
$12.785 million term loan – related party (due December 2026) |  |  | 8,363 |  |  |  | 2.75 | % |  |  | 9,697 |  |  |  | 2.75 | %
€7 million term loan (due April 2027) |  |  | 4,066 |  |  |  | 5.69 | % |  |  | 4,861 |  |  |  | 6.00 | %
$7.25 million term loan – related party (due December 2027) |  |  | 6,827 |  |  |  | 3.75 | % |  |  | 7,250 |  |  |  | 3.75 | %
$1.25 million term loan – (due March 31, 2025) |  |  | 1,250 |  |  |  | 8.88 | % |  |  | — |  |  |  | — |
$7.22 million term loan – related party (due March 31, 2025) |  |  | 7,221 |  |  |  | 8.88 | % |  |  | — |  |  |  | — |
|  |  | 35,513 |  |  |  |  |  |  |  | 29,616 |  |  |  |  |
Less: Current portion of long-term debt and short-term debt |  |  | 15,661 |  |  |  |  |  |  |  | 6,651 |  |  |  |  |
|  | $ | 19,852 |  |  |  |  |  |  | $ | 22,965 |  |  |  |  |
Schedule of Related Party Revolving Credit Arrangements | As of June 30, 2024, the remaining commitment available under the Company’s related party revolving credit arrangements was the following:
|  | Available Capacity |
$10 million revolving credit arrangement (due December 2026) |  | $ | 2,964 |

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- 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69E -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-3 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477734/942-470-50-3 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-8 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-6 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-7 + Details
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- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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