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Debt (Tables)
 12 Months Ended
Dec. 31, 2024
Debt [Line Items]  
Schedule of Current Credit Facilities and Finance Lease Obligations

Indebtedness to third parties consists of the following:

 

   December 31,   December 31, 
   2024   2023 
         
Revolving loan to Webster Bank (“Webster”)  $12,905,000   $10,804,000 
Term loan, Webster   5,225,000    5,045,000 
CT Green Bank Loan   970,000    393,000 
Finance lease obligations   1,007,000    884,000 
Loans Payable - financed assets   14,000    22,000 
Subtotal   20,121,000    17,148,000 
Less: Current portion   (18,362,000)   (16,036,000)
Long Term Portion  $1,759,000   $1,112,000 
Schedule of Payments Due Under the Term Loan

The below table shows the timing of payments due under the Term Loans:

 

For the year ending  Amount 
December 31, 2025  $5,225,000 
Term Loan payable   5,225,000 
Less: Current portion of Term Loan payable   (5,225,000)
Total long-term portion of Term Loan payable  $
-
 
Schedule of Finance Lease Obligations Interest expense related to the finance leases amounted to approximately $73,000 and $50,000 for the years ended December 31, 2024 and 2023, respectively
   Year Ended 
   December 31,   December 31, 
   2024   2023 
Finance Lease cost:        
Amortization of ROU assets  $176,000   $84,000 
Interest on lease liabilities   73,000    50,000 
Total lease Costs  $249,000   $134,000 
           
Other Information:          
Cash Paid for amounts included in the measurement lease liabilities:          
Financing cash flow from finance lease obligations  $196,000   $123,000 
           
Supplemental disclosure of non-cash activity          
Acquisition of finance lease asset  $319,000   $679,000 

 

   December 31,   December 31, 
   2024   2023 
         
Weighted  Average Remaining Lease Term - in years   4.8    5.4 
Weighted Average Discount rate - %   7.44%   7.31%
Schedule of Future Minimum Finance Lease Payment

As of December 31, 2024, the aggregate future minimum finance lease payment, including imputed interest are as follows:

 

For the year ending  Amount 
December 31, 2025  $291,000 
December 31, 2026   266,000 
December 31, 2027   190,000 
December 31, 2028   190,000 
December 31, 2029   190,000 
Thereafter   74,000 
Total future minimum finance lease payments   1,201,000 
Less: imputed interest   (194,000)
Less: Current portion   (223,000)
Long-term portion  $784,000 
Schedule of Annual Maturities

Annual maturities of this loan are as follows:

 

For the year ending  Amount 
December 31, 2025  $9,000 
December 31, 2026   5,000 
Loans Payable - financed assets   14,000 
Less: Current portion   (9,000)
Long-term portion  $5,000 
Schedule of Related Party Notes Outstanding as of the Notes

The Related Party Notes outstanding as of December 31, 2024 consists of:

 

   Michael Taglich, Robert Taglich, Taglich Brothers,     
   Director   Director   Inc.   Total 
Convertible Subordinated Notes  $2,666,000   $1,905,000   $241,000   $4,812,000 
Subordinated Notes   1,000,000    350,000    
-
    1,350,000 
Total  $3,666,000   $2,255,000   $241,000   $6,162,000