XML 35 R26.htm IDEA: XBRL DOCUMENT v3.23.2

Subsequent Events	6 Months Ended
	Jun. 30, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	20. SUBSEQUENT EVENTS We have evaluated subsequent events through the time of filing on the date we have issued this Quarterly Report on Form 10-Q. During the third quarter of 2023, we closed on a $3 million debt facility comprised of a $2 million term loan bearing interest at a fixed rate of 7% per annum from Gorham Savings Bank and a $1 million term loan bearing interest at a fixed rate of 8% per annum from the Finance Authority of Maine that are secured by liens on substantially all of our assets. Both loans are repayable under seven-year amortization schedules with balloon payments due in three years. Also during the third quarter of 2023, we received a $250,000 benefit under our business interruption insurance policy related to losses incurred from contamination events in our production process, which will be recorded as other (income) expense, net, during the third quarter of 2023. As of the time of filing, there were no other material, reportable subsequent events.

X

- References

No definition available.

+ Details

Name:	us-gaap_SubsequentEventsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 855
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//855/tableOfContent

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 855
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483399/855-10-50-2

+ Details

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