Annual report [Section 13 and 15(d), not S-K Item 405]

Long-Term Debt (Tables)

v3.25.1
Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Debt

Debt consisted of the following:

 

 

 

December 31,

 

 

 

2024

 

 

2023

 

 

 

(In thousands)

 

Secured notes

 

$

5,666

 

 

$

33,516

 

Deferred financing costs

 

 

 

 

 

(384

)

Total

 

$

5,666

 

 

$

33,132

 

Debt – current portion

 

 

5,666

 

 

 

21,191

 

Long-term debt – less current portion

 

$

 

 

$

11,941

 

Future Minimum Aggregate Payments

The future minimum aggregate payments for the above borrowings are equal to the expected payments made following the Exchange, beginning are as follows as of December 31, 2024:

 

 

 

(In thousands)

 

2025

 

$

5,993

 

2026

 

 

 

 

 

$

5,993