Credit Facilities and Debt (Tables) |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Future Annual Principal Maturities Under Note Agreement |
future annual principal maturities under the Note Agreement, were as follows (in thousands):
(1)
At March 31, 2025, the estimated present value of the Note Agreement amount was $12.6 million based on an estimated market rate of interest.
(2)
Due to the forbearance of interest from the issuance date of the Note Agreement until January 1, 2024, the effective rate on the Note Agreement is 2.9% per annum. Unamortized interest represents the difference between the effective interest rate and the stated interest rate on the Note Agreement.
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