XML 21 R11.htm IDEA: XBRL DOCUMENT v3.24.3

Debt

9 Months Ended

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.

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

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

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