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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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