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

DEBT (Tables)

v3.25.1
DEBT (Tables)
12 Months Ended
Dec. 31, 2024
DEBT  
Schedule of debt obligation

December 31,

December 31,

($’s in thousands)

    

2024

    

2023

Principal balance

$

25,000

$

15,000

Plus: Exit fee

 

1,250

750

Less: Debt discount and fees

$

(1,371)

$

(1,128)

Net carry amount (Long-term)

$

24,879

$

14,622

Schedule of carrying value of long-term debt the contractual maturities of the long-term debt, including the payment of the exit fee, are as follows (dollars in thousands):

Years ending December 31,

    

Term Loan

2025

$

2026

 

7,500

2027

 

18,750

Total

 

26,250

Debt discount

 

(1,371)

Total, net

 

24,879

Current portion

 

Term-loan (long-term)

$

24,879