Long Term Debt (Tables)

3 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

Schedule of Long Term Debt

Long-term debt consists of the following:

(Amounts in Thousands)	March 31, 2023			December 31, 2022
Revolving Credit facility dated May 8, 2020, borrowings based upon eligible accounts receivable, subject to monthly borrowing base calculation, balance due on May 15, 2024. Effective interest rate for first quarter of 2023 was 9.7% (1)	$	—		$	—
Term Loan dated May 8, 2020, payable in equal monthly installments of principal, balance due on May 15, 2024. Effective interest rate for first quarter of 2023 Effective interest rate for the first quarter of 2023 was 8.0% (1)		432	(2)		552	(2)
Capital Line dated May 4, 2021, payable in equal monthly installments of principal, balance due on May 15, 2024. Effective interest rate for first quarter of 2023 Effective interest rate for the first quarter of 2023 was 8.0% (1)		437			463
Notes Payable to 2023 and 2025, annual interest rate of 5.6% and 9.1%.		20			24
Total debt		889			1,039
Less current portion of long-term debt		446			476
Long-term debt	$	443		$	563

⁽¹⁾ Our revolving credit facility is collateralized by our accounts receivable, and our term loan and capital line are collateralized by our property, plant, and equipment.

⁽²⁾ Net of debt issuance costs of ($101,000) and ($88,000) at March 31, 2023 and December 31, 2022, respectively.