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Debt (Tables)
6 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Components of Debt

The components of the Company’s debt consist of the following (in thousands):

 

   June 30, 2024  December 31, 2023
   Amount   Rate  Maturity date  Amount   Rate 

Maturity

date

Term loan, net  $   (1)   N/A   $2,881   (1)   N/A
Line of credit, net  $1,582   (2)   6/21/2025   $1,741   (2)   6/21/2025
Less current portion   1,582          4,622       
Total long-term debt  $         $       

 

(1) Interest at a fixed rate of 10.00% per annum.

 

(2) Interest at a variable rate of the daily U.S. Prime Rate plus 250 basis points with an interest rate floor of 5.50% per annum.