Long-term debt, net (Tables)

12 Months Ended

Dec. 31, 2024

Long-term debt, net.

Schedule of components of debt

	December 31, 2024
Credit Agreement - term loan	$	16,650,000
Notes payable		12,750,000
Credit Agreement - revolving credit facility		7,961,000
Paid in kind interest (PIK)		1,331,000
Machinery financing loan (1)		141,000
	$	38,833,000
Less: unamortized debt issuance costs		(312,000)
Total debt	$	38,521,000
PIK included in accrued expenses and other current liabilities		(93,000)
Less current maturities		(1,820,000)
Long term debt, net of current maturities	$	36,608,000

(2) In the year ended December 31, 2024, the Company entered into a financing arrangement to finance the purchase of machinery. This transaction represented a failed sale leaseback with the associated equipment recorded in property and equipment, net and debt on the Company’s consolidated balance sheet.

Schedule of combined aggregate maturities

The combined aggregate maturities for the years following December 31, 2024 are as follows:

2025		1,820,000
2026		1,821,000
2027		1,822,000
2028		1,824,000
2029		31,517,000
Thereafter		29,000
	$	38,833,000