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Debt (Tables)

3 Months Ended

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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- References

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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

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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.

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