Registration statement under Securities Act of 1933

Long-Term Debt (Tables)

v3.25.4
Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Debt

Debt consisted of the following:

 

Schedule of Debt 

    2024     2023  
    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  
Schedule of Maturities of Long-Term Debt

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      
Long Term Debt   $ 5,993