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]  
Summary of Long-term Debt

Long-term debt consisted of the following:

 

 

December 31,

 

 

2024

 

 

2023

 

Blue Torch term loan

 

$

98,446

 

 

$

117,996

 

Other

 

 

4,618

 

 

 

5,128

 

Total long-term debt

 

 

103,064

 

 

 

123,124

 

Less: Debt issuance costs

 

 

(4,510

)

 

 

(9,011

)

Less: Current portion of long-term debt

 

 

(93,936

)

 

 

—

 

Non-current portion of long-term debt

 

$

4,618

 

 

$

114,113

 

 
Summary of Long term debt payments

As of December 31, 2024, the scheduled principal payments of long-term debt was as follows:

Fiscal year ending December 31,

 

Future Principal Payments

 

2025 (1)

 

$

98,446

 

2026

 

 

308

 

2027

 

 

308

 

2028

 

 

308

 

2029

 

 

308

 

Thereafter

 

 

3,387

 

Total debt payments

 

$

103,065

 

(1) As of December 31, 2024, the Company was not in compliance with its leverage ratio and minimum liquidity financial covenants under the Blue Torch Financing Agreement; therefore, the debt is reflected as a current liability.