DEBT (Tables)

3 Months Ended

Mar. 31, 2025

Debt Disclosure [Abstract]

Schedule of Debt

The following table provides information on the Company’s debt agreements:

$ in thousands							Balance as of:
Note	Loan Date	Maturity Date	Interest Rate		Amount Financed		March 31, 2025		December 31, 2024
Senior Unsecured Notes	October 2021/December 2021	October 2026	8.5	%	$	72,200	$	66,710	$	68,541
Total Debt							66,710		68,541
Less: Debt premium (discount) and issue costs							460		(473)
Total debt at book value							67,170		68,068
Less: Current portion							—		—
Long-term debt, net of current portion and deferred financing fees							$	67,170	$	68,068

The following table details our interest expense related to the Senior Notes (in thousands):

	For the three months ended
	March 31, 2025		March 31, 2024
Contractual interest expense	$	1,431	$	1,534
Amortization of debt (premium) discount and issuance costs	(81)		268
Total interest expense	$	1,350	$	1,802

Schedule of Minimum Future Principal Payments on Debt

Minimum future principal payments on debt at March 31, 2025 were as follows:

$ in thousands
Remainder of 2025	$	—
2026	66,710
2027	—
2028	—
2029	—
Total	$	66,710