12. Senior Bank Loan, Security and Guarantee Agreement

The Company and its subsidiaries have a Loan, Security and Guaranty Agreement for a $20 million asset-based senior secured revolving credit facility (the “Facility”) with First Citizens Bank (“FCB”) (formerly CIT Bank, N.A.). The Facility is collateralized by 100% of the assets of the Company and its subsidiaries who are co-borrowers and/or guarantors.

The Facility was scheduled to mature on the fifth anniversary of the closing date (May 14, 2026). On May 12, 2026, the Company and FCB entered into Amendment No. 4 to the Facility (“Amendment No. 4”) which extends the Facility expiration date from May 14, 2026, to May 13, 2027. Additionally, this amendment increases the availability block to the greater of $1.5 million, or 12.5% of the lesser of (i) the revolver commitment and (ii) the borrowing base. Amendment No. 4 also contains two new requirements. First, during the term of the Facility, as amended, all cash and cash equivalents held by the Company will not exceed an aggregate amount of $25 million (or such greater amount that FCB may, in its sole discretion, otherwise consent to in writing). Second, within fourteen (14) days following the effective date of Amendment No. 4, the Company was required to increase its cash on deposit with FCB and/or its affiliates and thereafter maintain such cash and cash equivalents on deposit in an aggregate amount of no less than $12 million (or such lesser amount that FCB may, in its sole discretion, otherwise consent to in writing).

As of June 30, 2026, the Company had no outstanding borrowings and $5,181 of unused capacity available for borrowing under the terms of the Facility. The Company had $102 in unamortized debt issuance costs associated with the Facility as of September 30, 2025, which are reflected in other current assets on the unaudited condensed consolidated balance sheet. As of June 30, 2026, all debt issuance costs associated with the Facility have been amortized. The amortization expense of these debt costs totaled $26 and $102 for the three and nine-month periods ended June 30, 2026, respectively, and $39 and $115 for the three and nine-month periods ended June 30, 2025, respectively. The unused line fees incurred and included in interest expense totaled $25 for the three-month periods and $76 for the nine-month periods ended June 30, 2026 and 2025.