XML 40 R31.htm IDEA: XBRL DOCUMENT

Debt (Tables)

3 Months Ended

Mar. 31, 2023

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


	March 31, 2023				December 31, 2022
	Amount		Rate	Maturity date	Amount		Rate	Maturity date

Line of credit, net	$	11,462	(1)	10/31/2024	$	11,444	(1)	10/31/2024








Less current portion	—				—
Total long-term debt	$	11,462			$	11,444

(1)Interest at a variable rate of the daily U.S. Federal Funds Rate plus 375 basis points with an interest rate floor of 3.75% per annum.

Future Debt Maturities

Future debt maturities as of March 31, 2023 and for succeeding years are as follows (in thousands):


Year ending December 31:
2024	$	11,462




Thereafter	$	—
Total	$	11,462

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details