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v3.22.2.2

Long Term Debt (Tables) | 9 Months Ended
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Sep. 30, 2022
Debt Disclosure [Abstract] |
Schedule of Long Term Debt | Long-term debt consists of the following: Schedule of Long Term Debt
(Amounts in Thousands) |  | September 30, 2022 |  |  | December 31, 2021 |
Revolving Credit facility dated May 8, 2020, borrowings based upon eligible accounts receivable, subject to monthly borrowing base calculation, balance due on May 15, 2024. Effective interest rate for first nine month of 2022 was 0%. (1) |  | $ | — |  |  | $ | — |
Revolving Credit facility dated May 8, 2020, borrowings based upon eligible accounts receivable, subject to monthly borrowing base calculation, balance due on May 15, 2024. Effective interest rate for first nine month of 2022 was 0%. (1) |  | $ | — |  |  | $ | — |
Term Loan dated May 8, 2020, payable in equal monthly installments of principal, balance due on May 15, 2024. Effective interest rate for the first nine month of 2022 was 4.8%. (1) |  |  | 642 |  | (2) |  | 954 | (2)
Capital Line dated May 4, 2021, payable in equal monthly installments of principal, balance due on May 15, 2024. Effective interest rate for the first nine month of 2022 was 5.3%. (1) |  |  | 480 |  |  |  | — |
Notes Payable to 2023 and 2025, annual interest rate of 5.6% and 9.1%. |  |  | 28 |  |  |  | 39 |
Total debt |  |  | 1,150 |  |  |  | 993 |
Less current portion of long-term debt |  |  | 469 |  |  |  | 393 |
Long-term debt |  | $ | 681 |  |  | $ | 600 |
(1) | Our revolving credit facility is collateralized by our accounts receivable and our term loan and capital line are collateralized by our property, plant, and equipment.
(2) | Net of debt issuance costs of ($104,000) and ($112,000) at September 30, 2022 and December 31, 2021, respectively.

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