Debt (Tables)

6 Months Ended

Jun. 30, 2025

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Long-term debt at June 30, 2025 and December 31, 2024 is summarized as follows:

($ in thousands)
Bank Name	Maturity	Interest Rate at June 30, 2025	June 30, 2025		December 31, 2024
Bank of America (a)	October 2026 - December 2029	4.34% - 6.94%	$	2,072	$	2,176
East West Bank (b)	August 2027 - September 2029	6.61% - 8.00%	5,421		5,518
JPMorgan Chase (c)	January 2030	6.30%	98,726		101,255
Total debt, principal amount			106,219		108,949
Less: debt issuance costs			(195)		(215)
Total debt, carrying value			106,024		108,734
Less: current portion			(5,410)		(5,410)
Long-term debt			$	100,614	$	103,324

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(a)Loan balance consists of real estate term loan and equipment term loan, collateralized by one real property and specific equipment. The real estate term loan is pegged to TERM SOFR + 2.5%.

(b)Real estate term loans with East West Bank are collateralized by three real properties. Balloon payments of $1.8 million and $3.0 million are due at maturity in 2027 and 2029, respectively.

(c)Real estate term loan with a principal balance of $98.7 million as of June 30, 2025 and $101.3 million as of December 31, 2024 is secured by assets held by the Company and has a maturity date of January 2030.