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LONG - TERM DEBT (Tables) | 12 Months Ended
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Dec. 31, 2023
Debt Disclosure [Abstract] |
SCHEDULE OF LONG TERM DEBT | Long-term debt consists of the following as of December 31, 2023, and December 31, 2022: SCHEDULE OF LONG TERM DEBT
(Amounts in Thousands) |  | December 31, 2023 |  |  | December 31, 2022 |
Revolving Credit facility dated May 8, 2020, borrowings based upon eligible accounts receivable, subject to monthly borrowing base calculation, balance due on May 15, 2027. Effective interest rate for 2023 and 2022 was 9.7% and 8.9%, respectively. (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, 2027. Effective interest rate for 2023 and 2022 was 9.7% and 8.9%, respectively. (1) |  | $ | — |  |  | $ | — |
Term Loan 1 dated May 8, 2020, payable in equal monthly installments of principal, balance due on May 15, 2027. Effective interest rate for 2023 and 2022 was 9.2% and 5.6%, respectively (1) |  |  | 213 |  |  |  | 640 |
Term Loan 2 dated July 31, 2023, payable in equal monthly installments of principal, balance due on May 15, 2027. Effective interest rate for 2023 was 9.9% (1) |  |  | 2,333 |  |  |  | — |
Capital Line dated May 4, 2021, payable in equal monthly installments of principal, balance due on May 15, 2027. Effective interest rate for 2023 and 2022 was was 8.6% and 6.2%, respectively (1) |  |  | 358 |  |  |  | 463 |
Debt Issuance Costs |  |  | (170 | )(2) |  |  | (88 | )(2)
Notes Payable to 2023 and 2025, annual interest rate of 5.6% and 9.1%. |  |  | 14 |  |  |  | 24 |
Total debt |  |  | 2,748 |  |  |  | 1,039 |
Less current portion of long-term debt |  |  | 773 |  |  |  | 476 |
Long-term debt |  | $ | 1,975 |  |  | $ | 563 |
(1) | Our revolving credit facility is collateralized by our accounts receivable, and our term loans and capital line are collateralized by our property, plant, and equipment.
(2) | Aggregate unamortized debt issuance costs in connection with the Company’s credit facility, which consists of the revolving credit, Term loan 1, Term loan 2 and Capital Line, as applicable.
SCHEDULE OF MATURITIES OF LONG-TERM DEBT | The following table details the amount of the maturities of long-term debt maturing in future years as of December 31, 2023 (excludes unamortized debt issuance costs of $170,000). SCHEDULE OF MATURITIES OF LONG-TERM DEBT
Year ending December 31: (In thousands) |  |  |
2024 |  | $ | 824 |
2025 |  |  | 612 |
2026 |  |  | 605 |
2027 |  |  | 877 |
Total |  | $ | 2,918 |

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