| Schedule of Long-Term Notes and Loans Payable, Net |
The following table represents the Company’s Long-term notes and loans payable, net balances as of December 31, 2025 and December 31, 2024:
| | | | | | | | | | | | | | | | ($ in thousands) | | December 31, 2025 | | December 31, 2024 | | Senior Secured Term Loan | | $ | 325,000 | | | $ | — | | | Senior Loan | | — | | | 360,000 | | | Mortgage Loans | | 20,161 | | | 19,787 | | Short-term borrowings and interest payable, net | | 7,484 | | | 9,325 | | | Financing liability | | 91,009 | | | 93,689 | | Unsecured Promissory Note | | 1,250 | | | — | | | Total borrowings and interest payable | | $ | 444,904 | | | $ | 482,801 | | | Less: Unamortized discount and debt issuance costs | | (17,025) | | | (10,117) | | Less: Short-term borrowings and interest payable, net | | (7,484) | | | (9,325) | | | Less: Current portion of financing liability | | (3,300) | | | (2,609) | | | Total Long-term notes and loans payable, net | | $ | 417,095 | | | $ | 460,750 | |
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| Schedule of Maturities of Long-Term Debt |
As of December 31, 2025, maturities of long-term financing liabilities were as follows:
| | | | | | | | | | ($ in thousands) | | Long-term financing liabilities | | 2026 | | $ | 14,223 | | | 2027 | | 14,580 | | | 2028 | | 14,946 | | | 2029 | | 15,321 | | | 2030 | | 15,421 | | | Thereafter | | 66,176 | | | Total financing payments | | $ | 140,667 | | | Less: interest | | (49,645) | | | Less: tenant improvement allowance | | (58) | | | Present value of financing liabilities | | $ | 90,964 | | | Less: short-term financing liabilities | | (3,300) | | | Present value of long-term financing liabilities | | $ | 87,664 | |
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