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Debt, Net (Tables)
12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Components of Debt
The following table summarizes the components of Debt, net (in thousands):
Year Ended December 31,
20232022
Debt, net, current:
Sprott Credit Agreement, including $2.2 million additional interest
$2,200 $2,200 
Note payable130 128 
Total$2,330 $2,328 
Debt, net, non-current:
Sprott Credit Agreement, including $1.1 million additional interest and net of original issue discount ($10.5 million, net)
$42,530 $42,503 
Subordinated Notes101,639 92,080 
Note payable76 205 
Less, debt issuance costs(1,628)(2,098)
Total$142,617 $132,690 
Schedule of Maturities of Long-Term Debt
The following table summarizes the Company’s contractual payments of Debt, net, including current maturities, for the five years subsequent to December 31, 2023 (in thousands):
2024$2,329 
20251,154 
202622 
2027151,329 
2028— 
Total154,834 
Less, original issue discount, net of accumulated amortization ($11.9 million)
(8,259)
Less, debt issuance costs, net of accumulated amortization ($3.3 million)
(1,628)
Total debt, net$144,947 
Schedule of Components of Recorded Interest Expense
The following table summarizes the components of recorded Interest expense (in thousands):
Year Ended December 31,
20232022
Sprott Credit Agreement(1)
$6,206$5,310 
Subordinated Notes(2)
9,5659,620 
Amortization of original issue discount2,2272,840 
Amortization of debt issuance costs(3)
463689 
Other interest expense622 
Total$18,467 $18,481 
(1)As of both December 31, 2023 and 2022, the Amended and Restated Credit Agreement (the “Sprott Credit Agreement”) bears interest monthly at a floating rate not less than 8.5% and the current effective interest rate was 14.4%.
(2)The 10% Senior Secured Notes (“Subordinated Notes”) bear interest at 10.0% per annum (non-cash), payable in-kind on a quarterly basis.
(3)As of both December 31, 2023 and 2022, the effective interest rate for the amortization of the discount and issuance costs was 1.6%.