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CREDIT FACILITY AND OTHER LOANS (Tables)

3 Months Ended

Mar. 31, 2025

Summary of Outstanding Credit Facilities and Other Loans

Unsecured convertible notes consisted of the following at March 31, 2025 and December 31, 2024, in thousands:


	March 31, 2025		December 31, 2024
2024 unsecured convertible notes, 4% coupon, due December 2025	$	4,899	$	4,050
Less current portion	(4,899)		(4,050)
Total unsecured convertible note, long term	$	—	$	—

Credit facility and other loans consisted of the following at March 31, 2025 and December 31, 2024, in thousands:


	March 31, 2025		December 31, 2024
SAC Leasing G280 LLC credit facility, 12.5% interest, net of deposits	$	8,500	$	28,000
Term Loan	—		1,102
Less discounts	(185)		(247)
Total credit facility, net of discount and deposits	$	8,315	$	28,855

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details