XML 34 R23.htm IDEA: XBRL DOCUMENT v3.25.2
Debt (Tables)
 6 Months Ended
Jun. 30, 2025
Debt [Abstract]  
Schedule of Indebtedness to Third Parties

Indebtedness to third parties consists of the following:

 

   June 30,   December 31, 
   2025   2024 
         
Current Credit Facility – Revolver  $12,094,000   $12,905,000 
Current Credit Facility – Term Loan   6,380,000    5,225,000 
Solar Credit Facility   970,000    970,000 
Finance lease obligations   898,000    1,007,000 
Loans Payable - financed assets   9,000    14,000 
Subtotal   20,351,000    20,121,000 
Less: Current portion   (18,727,000)   (18,362,000)
Long-Term Portion  $1,624,000   $1,759,000 
Schedule of Payments Due Under the Term Loan

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

 

For the year ending  Amount 
December 31, 2025  $6,380,000 
Term Loan payable   6,380,000 
Less: Current portion of Term Loan payable   (6,380,000)
Total long-term portion of Term Loan payable  $
-
 
Schedule of Finance Lease Obligations The leases have an average imputed interest rate of 7.31% per annum and are payable monthly with the final payments due between September of 2026 and May of 2030.
   Three Months Ended   Six Months Ended 
   June 30,   June 30,   June 30,   June 30, 
   2025   2024   2025   2024 
Finance Lease cost:                
Amortization of ROU assets  $49,000   $41,000   $98,000   $79,000 
Interest on lease liabilities   18,000    17,000    36,000    33,000 
Total lease Costs  $67,000   $58,000   $134,000   $112,000 
                     
Other Information:                    
Cash Paid for amounts included in the measurement lease liabilities:                    
Financing cash flow from finance lease obligations  $55,000   $51,000   $109,000   $92,000 
                     
Supplemental disclosure of non-cash activity                    
Acquisition of finance lease asset  $
-
   $319,000   $
-
   $319,000 
   June 30,   December 31, 
   2025   2024 
         
Weighted Average Remaining Lease Term - in years   4.6    4.8 
Weighted Average Discount rate - %   7.44%   7.44%
Schedule of Future Minimum Finance Lease Payments

As of June 30, 2025, the aggregate future minimum finance lease payments, including imputed interest are as follows:

 

For the year ending  Amount 
December 31, 2025 (remainder of year)  $145,000 
December 31, 2026   266,000 
December 31, 2027   190,000 
December 31, 2028   190,000 
December 31, 2029   190,000 
Thereafter   71,000 
Total future minimum finance lease payments   1,052,000 
Less: imputed interest   (154,000)
Less: Current portion   (230,000)
Long-term portion  $668,000 
Schedule of Annual Maturities

Annual maturities of this loan are as follows:

 

For the year ending  Amount 
December 31, 2025 (remainder of year  $4,000 
December 31, 2026   5,000 
Loans Payable - financed assets   9,000 
Less: Current portion   (9,000)
Long-term portion  $
-
 
Schedule of Related Party Notes Outstanding

The Related Party Notes outstanding as of the notes of June 30, 2025 consist of:

 

   Michael Taglich,   Robert Taglich,   Taglich Brothers,     
   Director   Director   Inc.   Total 
Convertible Subordinated Notes  $2,416,000   $1,905,000   $
         -
   $4,321,000 
Subordinated Notes   
-
    550,000    
-
    550,000 
Total  $2,416,000   $2,455,000   $
-
   $4,871,000 

 

The Related Party Notes outstanding as of the notes of December 31, 2024 consist 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   800,000    550,000    
-
    1,350,000 
Total  $3,466,000   $2,455,000   $241,000   $6,162,000