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Notes Payable (Tables)

3 Months Ended

Mar. 31, 2025

Debt Disclosure [Abstract]

Schedule of Debt Obligations

Our debt obligations were as follows (in thousands):

		Interest		March 31,				December 31,
		Rate (1)		2025				2024
				(Unaudited)
Monroe Term Loan (2)		9.94%		$	51,498			$	54,000
PNC ABL Facility (3)		6.32%			24,055				23,109
PNC Equipment Term Loan 1 (4)		7.07%			1,575				2,729
PNC Equipment Term Loan 2 (4)		7.07%			390				—
Green Remedies Promissory Note (5)		3.00%			430				564
Total notes payable					77,948				80,402
Less: Current portion of long-term debt					(1,545	)			(1,651	)
Less: Unamortized debt issuance costs					(2,070	)			(2,171	)
Less: Unamortized OID					(57	)			(83	)
Less: Unamortized OID warrant					(161	)			(232	)
Notes payable, net				$	74,115			$	76,265
(1) Interest rates as of March 31, 2025
(2) Bears interest based on SOFR plus Applicable Margin ranging from 4.5% to 5.5%
(3) Bears interest based on Term SOFR plus a margin of 2.0%
(4) Bears interest based on Term SOFR plus a margin of 2.75%
(5) Stated interest rate of 3.0%

Schedule of Changes in Debt Issuance Costs

The table below summarizes changes in debt issuance costs (in thousands).

				March 31,
				2025
Debt issuance costs, net of accumulated amortization
Balance at December 31, 2024				$	2,171
Financing costs deferred					—
Less: Amortization expense					(101	)
Balance at March 31, 2025 (Unaudited)				$	2,070

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Schedule of changes in debt issuance costs.

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Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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