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 Disclosure [Abstract]  
Schedule of Debt
Long-term debt consisted of the following at the dates indicated (amount in thousands):
December 31,
2024		 December 31,
2023
3.75% Small Business Administration installment loan due May 2050
 $ 109  $ 117 
Convertible note payable, less unamortized costs $29
 8,471  3,372 
Promissory note 226  — 
Revolving credit line 197  — 
Director and Officer (D&O) insurance policy promissory note1
135 179
Executive and Officer (E&O) insurance policy promissory note2
338  215 
Total debt 9,476  3,883 
Long-term debt, current portion (4,389) (416)
Long-term debt, net of current portion $ 5,087  $ 3,467 
(1) The 2024 D&O note carries a 7.35% interest rate and is payable quarterly with the last quarterly payment due in July 2025. The 2023 D&O note carried a 6.85% interest rate and final payment was made in April 2024.
(2) The October 2024 E&O note carries 13.5% interest rate and is payable monthly with the last monthly payment being due in August 2025. The October 2023 E&O note carried a 13.5% interest rate and final payment was made in August 2024.
Schedule of Debt Maturities and Principal Amortization Debt maturities and principal amortization of our consolidated existing debt as of December 31, 2024 for the next five years and thereafter are as follows (in thousands):
Calendar Year Amount
2025 $ 4,389 
2026 5,000 
2027 — 
2028 — 
2029 — 
Thereafter 87
Total $ 9,476