Debt |
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Debt Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt |
Note 5 Debt Long-term debt (including accrued interest to be paid-in-kind) as of the presented periods was comprised of the following:
(1) - Consists of equipment financing debt agreements, primarily entered into during 2023, with maturities through September 2030, annual interest rates ranging from 6.25% to 20.05%, and requiring monthly payments of interest and principal. (2) - Refer to Note 14 “Leases” for further discussion. There were no significant changes in the Company’s long-term debt, except for the commencement of certain machinery and equipment finance leases, during the nine months ended September 30, 2023. In October 2023, the Company paid $1.875 million related to the PIPE Investment Obligation, which was outstanding as of September 30, 2023. |