XML 53 R44.htm IDEA: XBRL DOCUMENT v3.24.3
LONG-TERM DEBT (Details Narrative) - USD ($)
3 Months Ended 6 Months Ended
Mar. 13, 2023
Oct. 28, 2022
Dec. 21, 2021
Nov. 25, 2019
Nov. 06, 2015
Dec. 31, 2012
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Jul. 31, 2013
Short-Term Debt [Line Items]                        
Debt instrument maturity date description                 The loan is payable annually over five years with a 1.9% interest rate and matures on August 21, 2028.      
Outstanding loan balance             $ 37,381,420   $ 37,381,420      
Loan modification expense             $ 160,000    
Trust loan modification expense             373,000 0 624,000 0    
Accrued loan expenses                 2,182,000      
March Thirteen Two Thousand Twenty Three Modification [Member]                        
Short-Term Debt [Line Items]                        
Loan modification expense                 0 160,000    
PW PWV Loan Agreement [Member]                        
Short-Term Debt [Line Items]                        
Debt instrument maturity date description       2054                
Long term debt, fixed interest       4.62%                
Outstanding loan balance             14,306,000   14,306,000   $ 14,412,000  
Capitalized debt cost             272,000   272,000   276,000  
Proceeds from issuance of long-term debt       $ 15,500,000                
Debt instrument term       35 years                
Municipal Debt [Member] | PW Salisbury Solar LLC [Member]                        
Short-Term Debt [Line Items]                        
Long term debt, term           9 years            
Debt interest rate           5.00%            
Debt instrument maturity date description           February 1 of each year            
Municipal debt securities, at carrying value             0   0   51,000  
PWSS Term Loan [Member]                        
Short-Term Debt [Line Items]                        
Long term debt, term                       10 years
Debt amount                       $ 750,000
Long term debt, fixed interest                       5.00%
Outstanding loan balance             0   0   456,000  
Capitalized debt cost             0   0   0  
2015 PWRS Loan [Member]                        
Short-Term Debt [Line Items]                        
Debt amount         $ 10,150,000              
Long term debt, fixed interest         4.34%              
Outstanding loan balance             6,783,000   6,783,000   6,957,000  
Capitalized debt cost             224,000   224,000   235,000  
Debt instrument maturity date         Oct. 14, 2034              
Debt Facility [Member]                        
Short-Term Debt [Line Items]                        
Debt interest rate     5.52%                  
Outstanding loan balance             15,742,000   15,742,000   14,358,000  
Capitalized debt cost             0   0   $ 0  
Debt instrument maturity date Dec. 21, 2025                      
Total debt commitment     $ 20,000,000                  
Default interest rate     5.00%                  
Debt issuance costs, net   $ 1,000,000         0 46,000 0 46,000    
Interest rate description The interest rate was changed to the greater of: (i) 1% above the Prime rate and (ii) 8.75%.                      
Debt instrument minimum liquidity $ 1,000,000                      
Debt instrument fee 160,000                      
Proceeds from Issuance of Debt                   0    
Amortization             0 $ 13,000 0 $ 25,900    
Debt Facility [Member] | Minimum [Member]                        
Short-Term Debt [Line Items]                        
Debt instrument term   5 years                    
Total debt commitment $ 16,000,000                      
Debt instrument term service   6 months                    
Debt coverage ratio $ 1.00                      
Debt Facility [Member] | Maximum [Member]                        
Short-Term Debt [Line Items]                        
Debt instrument term   10 years                    
Total debt commitment $ 20,000,000                      
Debt coverage ratio $ 1.50                      
Green House Loan [Member]                        
Short-Term Debt [Line Items]                        
Outstanding loan balance             $ 15,742,000   $ 15,742,000