XML 47 R33.htm IDEA: XBRL DOCUMENT v3.25.1
DEBT (Tables)
12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Financing Agreements
The following table provides information on the Company's financing agreements:
$ in thousandsAs of:
NoteLoan DateMaturity DateInterest
Rate
Initial
Financing
December 31, 2024December 31, 2023
Senior Unsecured NotesOctober 2021/December 2021October 20268.5 %72,200 68,541 72,200 
Total Debt68,541 72,200 
Less: Debt discount and issue costs(473)(3,490)
Total debt at book value68,068 68,710 
Less: Current portion— — 
Long-term debt, net of current portion$68,068 $68,710 
The following table details our interest expense related to the Senior Notes (in thousands):
December 31, 2024December 31, 2023
Contractual interest expense$6,108 $10,048 
Amortization of debt discount and issuance costs974 2,611 
Total interest expense$7,082 $12,659 
Summary of Minimum Future Principal Payments on Debt
Minimum future principal payments on debt as of December 31, 2024 were as follows based on the terms of the debt at that date:
$ in thousands 
2025$— 
202668,541 
2027— 
2028— 
Thereafter— 
Total$68,541