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Debt
9 Months Ended
Sep. 30, 2022
Debt Disclosure [Abstract]  
Debt Debt
The current portion of long-term debt consists of the following:
 September 30, 2022December 31, 2021
Oakdale Equipment Financing3,983 3,814 
Finance leases230 117 
Notes payable2,282 3,196 
Current portion of long-term debt$6,495 $7,127 

Long-term debt, net of current portion consists of the following:
 September 30, 2022December 31, 2021
ABL Credit Facility$6,000 $— 
Oakdale Equipment Financing, net8,738 11,608 
Finance leases33 234 
Notes payable1,518 3,511 
Long-term debt$16,289 $15,353 
The follow summarizes the maturity of our debt:
ABL Credit FacilityOakdale Equipment FinancingNotes PayableFinance LeasesTotal
Remainder of 2022$— $1,160 $666 $33 $1,859 
2023— 4,637 2,009 245 6,891 
20246,000 6,888 807 — 13,695 
2025— 1,724 187 — 1,911 
2026— — 181 — 181 
2027 and thereafter— — 174 — 174 
Total minimum payments6,000 14,409 4,024 278 24,711 
Amount representing interest— (1,281)(224)(15)(1,520)
Amount representing unamortized lender fees— (407)— — (407)
Present value of payments263 
Less: current portion— (3,983)(2,282)(230)(6,495)
Total long-term debt$6,000 $8,738 $1,518 $33 $16,289 

ABL Credit Facility
On December 13, 2019, the Company entered into a $20,000 five-year senior secured asset-based credit facility with Jefferies Finance LLC. The available borrowing amount under the ABL Credit Facility as of September 30, 2022 was $20,000 and is based on the Company’s eligible accounts receivable and inventory, as described in the ABL Credit Agreement. As of September 30, 2022, there was $6,000 outstanding under the ABL Credit Facility, $1,000 letters of credit and $13,000 was available to be drawn. As of September 30, 2022 and December 31, 2021, the Company was in compliance with all financial covenants.
Oakdale Equipment Financing
On December 13, 2019, the Company received net proceeds of $23,000 in an equipment financing arrangement with Nexseer. Substantially all of the Company’s mining and processing equipment at its Oakdale facility are pledged as collateral under the Oakdale Equipment Financing. The Oakdale Equipment Financing bears interest at a fixed rate of 5.79%.
Notes Payable
The Company has entered into various financing arrangements, primarily to finance its manufactured wellsite proppant storage solutions equipment. Upon completion of the equipment manufacturing, title to the subject equipment passes to the financial institutions as collateral. All notes payable bear interest at rates between 4.00% and 7.49%.