Credit Agreement

3 Months Ended

Mar. 31, 2025

Debt Disclosure [Abstract]

Credit Agreement

Credit Agreement

We have an $80.0 million revolving credit facility (the “Credit Agreement”) secured primarily by our inventory and maturing on October 24, 2027. Availability fluctuates based on a borrowing base calculation reduced by outstanding letters of credit.

At March 31, 2025 and December 31, 2024, there were no outstanding borrowings under the Credit Agreement. The borrowing base was $106.8 million at March 31, 2025 and there were no outstanding letters of credit, accordingly, the net availability was $80.0 million.