XML 45 R25.htm IDEA: XBRL DOCUMENT v3.23.2
DEBT (Tables)
 6 Months Ended
Jun. 30, 2023
Debt Disclosure [Abstract]  
Equipment Financing Agreements
The following table provides information on the Company's debt agreements:
$ in thousandsBalance as of:
NoteLoan DateMaturity DateInterest
Rate 		Amount FinancedJune 30, 2023December 31, 2022
Equipment Financings:
A-DMay 2021October 202315.0 %$15,724 $— $10,478 
EJuly 2021January 202317.0 %$4,457 — 495 
FMarch 2022April 202413.0 %$81,375 — 63,890 
Senior Unsecured NotesOctober 2021/December 2021October 20268.5 %$72,200 72,200 72,200 
Secured Promissory NoteMarch 2022November 20237.5 %$26,500 5,621 10,430 
Senior Secured LoanJanuary 2023January 202515.0 %$17,322 17,689 — 
Total Debt95,510 157,493 
Less: Debt discount and issue costs(5,287)(5,747)
Total debt at book value90,223 151,746 
Less: Current portion(3,536)(67,161)
Long-term debt, net of current portion and deferred financing fees$86,687 $84,585 
Minimum Future Principal Payments on Debt
Minimum future principal payments on debt at June 30, 2023 were as follows:
$ in thousands
Remainder of 2023$5,621 
2024— 
202517,689 
202672,200 
2027— 
Total$95,510