XML 135 R122.htm IDEA: XBRL DOCUMENT v3.24.4
Long-Term Debt - Lafayette Square (Details)
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended 24 Months Ended
Oct. 03, 2023
USD ($)
Jun. 01, 2023
Jul. 28, 2022
USD ($)
Dec. 03, 2021
USD ($)
Mar. 31, 2023
USD ($)
Jun. 30, 2023
USD ($)
Sep. 30, 2024
USD ($)
Sep. 30, 2023
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2021
Long-Term Debt                        
Additional deferred financing costs         $ 228,000 $ 228,000 $ 0 $ 442,000 $ 576,000 $ 525,000    
Deferred financing costs             1,254,000   1,688,000 2,115,000 $ 1,688,000  
Accrued interest             $ 70,000   $ 36,000 $ 13,000 36,000  
2021 Credit Facility | Line of Credit                        
Long-Term Debt                        
Debt instrument, covenant, leverage ratio             1.5          
Debt instrument, covenant, pro forma liquidity, minimum             $ 15,000,000          
Closing Date Term Loan | Line of Credit                        
Long-Term Debt                        
Installment payments             $ 300,000       $ 100,000  
Delayed Draw Term Loan                        
Long-Term Debt                        
Amount of proceeds $ 3,600,000                      
Delayed Draw Term Loan | Line of Credit                        
Long-Term Debt                        
Debt instrument quarterly installment payment (as percent)             1.25%   0.625%   0.625%  
Lafayette Square | Secured Overnight Financing Rate (SOFR) | Interest Period of Three Months                        
Long-Term Debt                        
Basis spread agreed (as percent)   0.15%                    
Lafayette Square | Secured Overnight Financing Rate (SOFR) | Interest Period of One Month                        
Long-Term Debt                        
Basis spread agreed (as percent)   0.10%                    
Lafayette Square | Secured Overnight Financing Rate (SOFR) | Interest Period of Six Months                        
Long-Term Debt                        
Basis spread agreed (as percent)   0.25%                    
Lafayette Square | 2021 Credit Facility                        
Long-Term Debt                        
Borrowing capacity       $ 32,000,000                
Debt instrument, covenant, leverage ratio             1.50         3.50
Outstanding borrowings             $ 28,200,000          
Additional deferred financing costs             0 $ 100,000        
Deferred financing costs             1,300,000   $ 1,700,000   $ 1,700,000  
Accrued interest             $ 100,000   100,000   $ 100,000  
Lafayette Square | 2021 Credit Facility | March 31, 2024 through March 31, 2025                        
Long-Term Debt                        
Debt instrument, covenant, leverage ratio             3.25          
Lafayette Square | 2021 Credit Facility | March 31, 2024 through September 30, 2026                        
Long-Term Debt                        
Debt instrument, covenant, leverage ratio             3.00          
Lafayette Square | 2021 Credit Facility | June 2026 And Thereafter                        
Long-Term Debt                        
Debt instrument, covenant, leverage ratio             2.50          
Lafayette Square | 2021 Credit Facility | London Interbank Offered Rate (LIBOR) 1 | Consolidated Total Net Leverage Ratio is Less Than 2                        
Long-Term Debt                        
Spread on variable rate (as percent)       6.50%                
Lafayette Square | 2021 Credit Facility | London Interbank Offered Rate (LIBOR) 1 | Minimum                        
Long-Term Debt                        
Debt instrument, covenant, leverage ratio       2.00                
Lafayette Square | 2021 Credit Facility | London Interbank Offered Rate (LIBOR) 1 | Maximum                        
Long-Term Debt                        
Debt instrument, covenant, leverage ratio       4.00                
Lafayette Square | 2021 Credit Facility | London Interbank Offered Rate (LIBOR) 1 | Maximum | Consolidated Total Net Leverage Ratio is Greater Than 4                        
Long-Term Debt                        
Spread on variable rate (as percent)       9.00%                
Lafayette Square | 2021 Credit Facility | Secured Overnight Financing Rate (SOFR) | Minimum                        
Long-Term Debt                        
Spread on variable rate (as percent)       7.00%                
Debt instrument, covenant, leverage ratio       3.50                
Lafayette Square | 2021 Credit Facility | Secured Overnight Financing Rate (SOFR) | Maximum                        
Long-Term Debt                        
Spread on variable rate (as percent)       10.00%                
Debt instrument, covenant, leverage ratio       1.00                
Lafayette Square | Closing Date Term Loan                        
Long-Term Debt                        
Borrowing capacity       $ 22,000,000.0                
Lafayette Square | Closing Date Term Loan | March 31, 2024 through March 31, 2025                        
Long-Term Debt                        
Installment payments                 $ 275,000      
Lafayette Square | Delayed Draw Term Loan                        
Long-Term Debt                        
Borrowing capacity       $ 10,000,000.0                
Amount of proceeds     $ 4,300,000