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LONG - TERM DEBT (Tables) | 12 Months Ended
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Dec. 31, 2024
Debt Disclosure [Abstract] |
SCHEDULE OF LONG TERM DEBT | Long-term debt consists of the following as of December 31, 2024, and December 31, 2023: SCHEDULE OF LONG TERM DEBT
(Amounts in Thousands) |  | December 31, 2024 |  |  | December 31, 2023 |
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 rates for 2024 and 2023 were 10.5% and 9.7%, 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 rates for 2024 and 2023 were 10.5% and 9.7%, respectively (1) |  | $ | — |  |  | $ | — |
Term Loan 1 dated May 8, 2020, payable in equal monthly installments of principal, balance due on May 15, 2027. Effective interest rates for 2024 and 2023 were 9.5% and 9.2%, respectively (1) |  |  | — |  |  |  | 213 |
Term Loan 2 dated July 31, 2023, payable in equal monthly installments of principal, balance due on May 15, 2027. Effective interest rates for 2024 and 2023 were 9.3% and 9.9%, respectively (1) |  |  | 1,834 |  |  |  | 2,333 |
Capital Loan dated May 4, 2021, payable in equal monthly installments of principal, balance due on May 15, 2027. Effective interest rates for 2024 and 2023 were were 8.7% and 8.6%, respectively (1) |  |  | 253 |  |  |  | 358 |
Debt Issuance Costs |  |  | (178 | )(2) |  |  | (170 | )(2)
Notes Payable up to 2044, with annual interest rates ranging from 8.10% to 10.7% (3) |  |  | 406 |  |  |  | 14 |
Total debt |  |  | 2,315 |  |  |  | 2,748 |
Less current portion of long-term debt |  |  | 550 |  |  |  | 773 |
Long-term debt |  | $ | 1,765 |  |  | $ | 1,975 |
(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, Terms Loans and Capital Loan, as applicable.
(3) | Includes a promissory note entered into on July 24, 2024, in connection with the purchase of the Company’s EWOC property. See a discussion of this note below which include a variable interest rate provision.
SCHEDULE OF MATURITIES OF LONG-TERM DEBT | SCHEDULE OF MATURITIES OF LONG-TERM DEBT
Year ending December 31: |  |  |
(In thousands) |  |  |  |
2025 |  | $ | 626 |
2026 |  |  | 620 |
2027 |  |  | 894 |
2028 |  |  | 18 |
2029 |  |  | 20 |
2030 and beyond |  |  | 315 |
Total |  | $ | 2,493 |

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