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v3.23.2

Schedule of Long Term Debt (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022
--- | --- | ---
Debt Instrument [Line Items] |  |  |  |
Total debt |  | $ 772 |  | $ 1,039
Less current portion of long-term debt |  | 456 |  | 476
Long-term debt |  | 316 |  | 563
Revolving Credit [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Total debt | [2] |  | [1] |
Term Loan [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Total debt | [2],[3] | 345 | [1] | 552
Captail Line [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Total debt | [2] | 410 | [1] | 463
Note Payable [Member] |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Total debt |  | $ 17 |  | $ 24
[1] | As discussed in “Note 15 – Subsequent Events – Credit Facility,” on July 31, 2023, the Company entered into an amendment to the Loan Agreement dated May 8, 2020, as amended, which extended the existing credit facility with a maturity date of May 15, 2024 to May 15, 2027. In accordance with ASC 470, “Debt,” this post balance-sheet date agreement demonstrated the Company’s ability to refinance its short-term obligations under its credit facility on a long-term basis; therefore, the Company has reclassified the current portion of the outstanding debt under the credit facility to long-term except for approximately $105,000 in principal payments under the Capital Line that will be due by June 30, 2024. The remaining principal balance of the Term Loan balance is classified as current as the balance will be paid-in-full by June 30, 2024 (see “Note 15 - Subsequent Events – Credit Facility” for further details of this amendment dated July 31, 2023).
[2] | 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.
[3] | Net of debt issuance costs of ($82,000) and ($88,000) at June 30, 2023 and December 31, 2022, respectively.

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