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Debt
 3 Months Ended
Mar. 31, 2024
Debt Disclosure [Abstract]  
Debt Debt
The current portion of long-term debt consists of the following:
 March 31, 2024December 31, 2023
ABL Credit Facility$14,000 $8,000 
Oakdale Equipment Financing6,854 6,462 
Notes payable983 1,011 
Finance leases208 238 
Current portion of long-term debt$22,045 $15,711 

Long-term debt, net of current portion consists of the following:
 March 31, 2024December 31, 2023
Oakdale Equipment Financing$— $1,388 
Notes payable1,972 1,519 
Finance leases473 542 
Long-term debt$2,445 $3,449 
The follow summarizes the maturity of our debt:
ABL Credit FacilityOakdale Equipment FinancingNotes PayableFinance LeasesTotal
Remainder of 2024$14,000 $5,695 $936 $198 $20,829 
2025— 1,724 708 265 2,697 
2026— — 826 254 1,080 
2027— — 567 62 629 
2028— — 217 7 224 
2029 and thereafter— — 53 — 53 
Total minimum payments14,000 7,419 3,307 786 25,512 
Amount representing interest— (437)(352)(105)(894)
Amount representing unamortized lender fees— (128)— — (128)
Present value of payments681 
Less: current portion(14,000)(6,854)(983)(208)(22,045)
Total long-term debt$— $— $1,972 $473 $2,445 

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 March 31, 2024 was $20,000 and is based on the Company’s eligible accounts receivable and inventory. The Company had $14,000 outstanding and $6,000 available to be drawn under this facility as of March 31, 2024. The weighted average interest rate on our ABL credit facility for the three months ended March 31, 2024 was 8.25%.
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 certain equipment may pass to the financial institutions as collateral. As of March 31, 2024, 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 10.00%, issued to Clearlake. This purchase represented all of the common stock previously owned by Clearlake and approximately 11.3% 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, was on our board of directors. José Feliciano resigned from our board of directors as of December 31, 2023 and the promissory note was repaid in May 2023.