XML 21 R12.htm IDEA: XBRL DOCUMENT v3.23.1
Debt
 3 Months Ended
Mar. 31, 2023
Debt [Abstract]  
DEBT

5. DEBT.

 

Long-term borrowings are summarized as follows (in thousands):

 

   March 31,
2023		   December 31,
2022		 
Kinergy line of credit  $33,430   $18,076 
Orion term loan   60,000    60,000 
    93,430    78,076 
Less unamortized debt discount   (4,497)   (4,686)
Less unamortized debt financing costs   (5,194)   (5,034)
Less current portion   
—
    
—
 
Long-term debt  $83,739   $68,356 

Excess Availability – As of March 31, 2023, Kinergy had $41.6 million in unused borrowing availability under its line of credit.