Quarterly report [Sections 13 or 15(d)]

Subsequent Events

v3.26.1
Subsequent Events
6 Months Ended
Jun. 30, 2026
Subsequent Events [Abstract]  
Subsequent Events

Note 14 - Subsequent Events

Legal Proceedings

Please refer to Note 11 for further discussion.

 

 

Revolving Line of Credit

 

On August 12, 2026, the Company entered into a credit agreement (the "Credit Agreement") with affiliates of Gotham Green Partners, LLC (collectively, the "Lender"), pursuant to which the Lender made available to the Company a revolving line of credit in an aggregate principal amount of up to $2.5 million (the "Revolving Credit Line"). The Company may borrow, repay and re-borrow amounts under the Revolving Credit Line during the term of the facility. Outstanding borrowings bear simple interest at 12.0% per annum, and all outstanding principal and accrued and unpaid interest are due and payable on June 27, 2027, or such earlier date as the Company's obligations under the Credit Agreement become due and payable.

 

As of the date of issuance of these unaudited interim condensed consolidated financial statements, no amounts have been drawn under the Revolving Credit Line.