Note 12 - Notes Payable

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

Notes Payable

11.Note Payable

On December 29, 2022, Viewpoint obtained a promissory note in the amount of $1.7 million for the purpose of purchasing land and a building in Coralville, IA. The note bears interest at 6.15% per annum and is collateralized by the property. The note requires monthly principal and interest payments, and a balloon payment of approximately $1.5 million is due on December 29, 2027.

The following table presents the current and long-term portions of the note payable (in thousands):

	December 31,			December 31,
	2025			2024
Note payable	$	1,625		$	1,677
Less: current portion		(56	)		(52	)
Note payable, long-term portion	$	1,569		$	1,625

The following table presents the future principal payments included in the Consolidated Balance Sheet related to the Company’s note payable as of December 31, 2025 (in thousands):

Year ending December 31:
2026	$	56
2027		1,569
Total	$	1,625