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Debt (Tables) | 3 Months Ended
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Mar. 31, 2024
Debt [Abstract] |
Schedule of Debt | The Company’s debt consisted of:
(In thousands) |  | March 31, 2024 |  |  | December 31, 2023 |
Exchange Note |  | $ | — |  |  | $ | 6,669 |
Convertible Note |  |  | — |  |  |  | 7,840 |
Consolidated CP Acquisitions Note |  |  | 17,683 |  |  |  | — |
PPP Loan |  |  | 517 |  |  |  | 518 |
CP Acquisitions Junior Secured Note |  |  | — |  |  |  | 3,799 |
GIC Acquisition Note |  |  | 1,000 |  |  |  | 645 |
Mack Molding Co. Note Payable |  |  | 4,838 |  |  |  | — |
Other notes payable (1) |  |  | 226 |  |  |  | 367 |
Total debt |  |  | 24,264 |  |  |  | 19,838 |
Unamortized debt premium |  |  | — |  |  |  | 1,419 |
Total debt, gross of debt premium |  |  | 24,264 |  |  |  | 21,257 |
Less: current portion |  |  | (3,070 | ) |  |  | (5,210 | )
Long-term debt, net of current |  | $ | 21,194 |  |  | $ | 16,047 |
(1) | Other notes payable relates to a one-year insurance premium that was financed over nine-months and incurred interest expense of approximately $7 thousand for the three months ended March 31, 2024. Other notes payable also includes the Navitas Loan with a balance of $5 thousand as of March 31, 2024.
Schedule of Future Minimum Payments | As of March 31, 2024, future minimum payments on all debt positions were as follows:
Years ending December 31 (In thousands), |  |  |
Remaining 2024 |  | $ | 2,487 |
2025 |  |  | 21,778 |
Total future payments |  | $ | 24,264 |

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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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- 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
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