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Debt
 9 Months Ended
Sep. 30, 2023
Debt Disclosure [Abstract]  
Debt Debt
The current portion of long-term debt consists of the following:
 September 30, 2023December 31, 2022
Oakdale Equipment Financing$4,220 $4,041 
Notes payable1,273 1,782 
Finance leases198 360 
Current portion of long-term debt$5,691 $6,183 

Long-term debt, net of current portion consists of the following:
 September 30, 2023December 31, 2022
ABL Credit Facility$— $— 
Oakdale Equipment Financing, net4,705 7,753 
Notes payable1,618 1,594 
Finance leases572 460 
Long-term debt$6,895 $9,807 

The follow summarizes the maturity of our debt:
ABL Credit FacilityOakdale Equipment FinancingNotes PayableFinance LeasesTotal
Remainder of 2023$— $1,160 $407 $82 $1,649 
2024— 6,889 1,290 257 8,436 
2025— 1,724 680 257 2,661 
2026— — 622 246 868 
2027— — 339 59 398 
2028 and thereafter— — — 7 7 
Total minimum payments— 9,773 3,338 908 14,019 
Amount representing interest— (626)(447)(138)(1,211)
Amount representing unamortized lender fees— (222)— — (222)
Present value of payments770 
Less: current portion— (4,220)(1,273)(198)(5,691)
Total long-term debt$— $4,705 $1,618 $572 $6,895 

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, 2023 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, 2023, there were $1,000 in letters of credit outstanding under the ABL Credit Facility with $19,000 available to
be drawn. As of September 30, 2023 and December 31, 2022, the Company was in compliance with all financial covenants. As of September 30, 2023, there were no outstanding borrowings under our credit facility.
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 heavy equipment purchases as well as 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. As of September 30, 2023, these notes payable bear interest at rates between 3.99% and 7.49%.
On February 28, 2023, the Company purchased 5,176 shares of the Company’s common stock from Clearlake Capital Partners II (Master), L.P., an affiliate of Clearlake Capital Group (“Clearlake”), for $8,850, of which $4,425 was paid in cash and the remainder was financed through an unsecured promissory note, bearing interest of 10%, issued to Clearlake. This purchase represented all of the common stock previously owned by Clearlake and approximately 11.3% of the number of outstanding shares of the Company’s common stock as of immediately prior to the purchase. At the time of purchase, Clearlake was a related party to the Company, and José Feliciano, the Co-Founder and Managing Partner of Clearlake, remains on our board of directors.