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LONG - TERM DEBT (Tables)

12 Months Ended

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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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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Tabular disclosure of maturity and sinking fund requirement for long-term debt.

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