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Debt (Tables)
 3 Months Ended
Mar. 31, 2025
Debt  
Schedule of notes payable

Notes payable at March 31, 2025 and December 31, 2024 consisted of the following:

 

 

 

March 31,

 

 

December 31,

 

 

 

2025

 

 

2024

 

(in thousands)

 

(unaudited)

 

 

 

 

 

Notes designated at Fair Value Option

 

$

 

37,007

 

 

$

 

35,356

 

Insurance Financing

 

 

 

58

 

 

 

 

135

 

Tempesta Note

 

 

 

—

 

 

 

 

50

 

Total

 

 

37,065

 

 

 

35,541

 

Less: Unamortized discount and debt issuance costs

 

 

 

—

 

 

 

 

—

 

Note payable, net of discount

 

$

 

37,065

 

 

$

 

35,541

 

Notes payable - non-current, net

 

$

 

18,429

 

 

$

 

23,503

 

Notes payable - current, net

 

$

 

18,636

 

 

$

 

12,038

 

 

 

 

 

 

 

 

 

 

Weighted average interest rate on short-term borrowings

 

 

 

8.75

%

 

 

 

7.36

%