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v3.24.3

Debt | 9 Months Ended
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Sep. 30, 2024
Debt [Abstract] |
DEBT |
| 5. | DEBT.
Long-term borrowings are summarized as follows (in thousands):
|  | September 30, 2024 |  |  | December 31, 2023 |
Kinergy line of credit |  | $ | 30,572 |  |  | $ | 30,690 |
Orion term loan |  |  | 60,000 |  |  |  | 60,000 |
|  |  | 90,572 |  |  |  | 90,690 |
Less unamortized debt discount |  |  | (3,291 | ) |  |  | (3,893 | )
Less unamortized debt financing costs |  |  | (3,939 | ) |  |  | (4,700 | )
Less current portion |  |  | — |  |  |  | — |
Long-term debt |  | $ | 83,342 |  |  | $ | 82,097 |
Excess Availability – As of September 30, 2024, Kinergy had $27.2 million in unused borrowing availability under its line of credit with Wells Fargo Bank and the Company had $65.0 million that may be available for capital improvement projects under its term loan with Orion Infrastructure Capital, subject to certain conditions. At September 30, 2024, the interest rates for the Kinergy line of credit and the Orion term loan were 6.43% and 10.00%, respectively.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 470 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/470/tableOfContent + Details
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