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LONG - TERM DEBT (Tables)

12 Months Ended

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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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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