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Long-Term Debt and Borrowing Arrangements (Tables) | 9 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2024 | Dec. 31, 2023
Long-Term Debt and Borrowing Arrangements [Abstract] |  |
Schedule of Indebtedness | The Company’s indebtedness as of September 30, 2024, and December 31, 2023, consisted of the following:
|  | As of September 30, 2024 |  | Interest Rate |  | As of December 31, 2023 |  | Interest Rate
$15 million revolving credit arrangement – related party (due September 30, 2034) |  | $ | 8,057 |  | 2.75 | % |  | $ | 6,828 |  | 2.75 | %
€1.5 million term loan (due April 2026) |  |  | 678 |  | 1.70 | % |  |  | 980 |  | 1.70 | %
$12.785 million term loan – related party (due December 2026)(1) |  |  | — |  | — |  |  |  | 9,697 |  | 2.75 | %
€7 million term loan (due April 2027) |  |  | 3,898 |  | 5.67 | % |  |  | 4,861 |  | 6.00 | %
$7.25 million term loan – related party (due December 2027)(1) |  |  | — |  | — |  |  |  | 7,250 |  | 3.75 | %
$1.25 million term loan – (due March 31, 2025) |  |  | 1,250 |  | 8.88 | % |  |  | — |  | — |
$14.765 Term Loan – related party (due September 30, 2034)(1) |  |  | 14,765 |  | 8.00 | % |  |  | — |  | — |
$7.22 million term loan – related party (due March 31, 2025) |  |  | 7,221 |  | 8.88 | % |  |  | — |  | — |
|  |  | 35,869 |  |  |  |  |  | 29,616 |  |  |
Less: Current portion of long-term debt and short-term debt |  |  | 10,339 |  |  |  |  |  | 6,651 |  |  |
|  | $ | 25,530 |  |  |  |  | $ | 22,965 |  |  |
(1) Term loan modified on September 30, 2024. The outstanding principal and interest were refinanced into a new $14.765 million term loan. | The Company’s indebtedness as of December 31, 2023 and 2022 consisted of the following:
|  | 2023 |  | 2022
|  | Amount |  | Interest Rate |  | Amount |  | Interest Rate
€2.5 million revolving credit arrangement (due December 2023, fully converted to Predecessor Financing Units in October 2023) |  | $ | — |  | — |  |  | $ | 2,090 |  | 3.00 | %
$10 million revolving credit arrangement (due December 2026) ($6,828 and $629 outstanding with related party as of December 31, 2023 and December 31, 2022, respectively) |  |  | 6,828 |  | 2.75 | % |  |  | 629 |  | 2.75 | %
€1.5 million term loan (due April 2026) |  |  | 980 |  | 1.70 | % |  |  | 1,344 |  | 1.70 | %
$12.785 million term loan – related party (due December 2026) |  |  | 9,697 |  | 2.75 | % |  |  | 12,786 |  | 2.75 | %
€7 million term loan (due April 2027) |  |  | 4,861 |  | 6.00 | % |  |  | 5,972 |  | 2.88 | %
$7.25 million term loan – related party (due December 2027) |  |  | 7,250 |  | 3.75 | % |  |  | 7,250 |  | 3.75 | %
$1.975 million term loan – related party (due December 2029, fully converted to Predecessor Financing Units in October 2023) |  |  | — |  | — |  |  |  | 1,975 |  | 3.00 | %
Finance leases |  |  | — |  | — |  |  |  | 1,099 |  | 6.39 | %
|  |  | 29,616 |  |  |  |  |  | 33,145 |  |  |
Less: Current portion of long-term debt |  |  | 6,651 |  |  |  |  |  | 7,408 |  |  |
|  | $ | 22,965 |  |  |  |  | $ | 25,737 |  |  |
Schedule of Related Party Revolving Credit Arrangements | As of September 30, 2024, the remaining commitment available under the Company’s related party revolving credit arrangements was the following:
|  | Available Capacity
$15 million revolving credit arrangement (due September 30, 2034) |  | $ | 6,943
| As of December 31, 2023, 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) |  | $ | 3,172
|  | $ | 3,172
Schedule of Outstanding Debt |  | The Company’s outstanding debt as of December 31, 2023 matures as follows:
Within 1 year |  | $ | 6,651
Between 1 and 2 years |  |  | 6,895
Between 2 and 3 years |  |  | 13,592
Between 3 and 4 years |  |  | 2,478
Total |  | $ | 29,616

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