XML 42 R31.htm IDEA: XBRL DOCUMENT v3.25.2

Debt (Tables)

6 Months Ended

Jun. 30, 2025

Debt Disclosure [Abstract]

Schedule of Debt Breakdown

The table below provides a breakdown of the Company’s recognized debt:

			June 30, 2025						December 31, 2024
Revolver			$	37,385,643					$	42,508,379
Credit Agreement			1,950,000						1,950,000
Promissory Note			1,375,000						1,375,000
Merger Note			35,000,000						35,000,000
Less: unamortized debt issuance costs			(341,808)						(244,565)
Total debt			$	75,368,835					$	80,588,814
Current portion			$	3,325,000					$	43,883,379
Non-current portion			$	72,043,835					$	36,705,435

Schedule of Future Minimum Principal Payments on Company’s Outstanding Debt

Subsequent to the executed amendments of the Company’s debt obligations described herein, the future minimum principal payments on the Company’s outstanding debt are as follows:

			June 30, 2025
Remainder of 2025			$	1,375,000
2026			1,950,000
2027			35,000,000
2028			37,385,643
2029			—
Thereafter			—
Total			$	75,710,643

X

- References

No definition available.

+ Details

Name:	us-gaap_DebtDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-1

+ Details

Name:	us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration