On the Company and its lender entered into the amendment (the “Fifth Amendment”) to its existing credit facility (the “Credit Agreement”). Among other things, the Fifth Amendment amended the Credit Agreement to () increase our borrowing capacity under our existing equipment line to million, () revise the definition of earnings before interest, taxes, depreciation and amortization, a non-GAAP financial measure, to include additional add-back adjustments for the years ended or ending and () revise the definition of fixed charge coverage ratio for the year ending to include an unfinanced portion of capital expenditures of up to million for the year ending ) revise the Credit Agreement’s maximum permitted indebtedness to finance the acquisition, construction or improvement of any fixed or capital assets and () revise the maximum leverage ratio for each of the quarters during and

 

As of the Company’s term loans and equipment line under its credit facility had balances of million and million, respectively. The net availability under the revolving credit line under the credit facility is based upon our eligible accounts receivable and eligible inventory and is computed as follows (in thousands):

 

		March 31,				December 31,
		2019				2018
Revolver:
Gross availability		$	10,922			$	9,973
Outstanding draws			-				-
Letters of credit			(1,750	)			(750	)
Landlord reserves			(71	)			(70	)
Availability on Revolver		$	9,101			$	9,153

 

The Company had future maturities of loans as of as follows (in thousands):

 

		2019				2020				2021				2022				2023 and thereafter				Total
Term Loan A		$	2,688			$	3,584			$	16,143			$	-			$	-			$	22,415
Term Loan C			1,229				1,229				5,528												7,986
Equipment Line			128				512				512				512				898				2,562
Unamortized value of the debt issuance costs			(29	)			(39	)			(39	)			-				-				(107	)
Total		$	4,016			$	5,286			$	22,144			$	512			$	898			$	32,856

 

The following is a breakdown of the Company’s current and long-term debt (in thousands):

 

March 31, 2019													December 31, 2018
		Current Portion				Long-Term Portion				Total					Current Portion				Long-Term Portion				Total
Term Loan A		$	3,584			$	18,831			$	22,415		Term Loan A		$	3,584			$	19,727			$	23,311
Term Loan C			1,536				6,450				7,986		Term Loan C			1,229				6,757				7,986
Equipment Line			256				2,306				2,562		Equipment Line			128				2,434				2,562
Unamortized value of debt issuance costs			(39	)			(68	)			(107	)	Unamortized value of debt issuance costs			(38	)			(76	)			(114	)
Total		$	5,337			$	27,519			$	32,856		Total		$	4,903			$	28,842			$	33,745

 

As of interest on the credit facility is payable at our option as a (i) Eurodollar Loan, which bears interest at a per annum rate equal to the applicable -day London Interbank Offered Rate (“LIBOR”) plus an applicable margin ranging from to or (ii) CB Floating Rate (“CBFR”) Loan, which bears interest at a per annum rate equal to the greater of (a) the lender’s prime rate or (b) LIBOR plus in each case, plus a margin ranging from - to The actual Eurodollar Loan rate at was (LIBOR of plus ). The actual CBFR Loan rate at was (lender’s prime rate of ).

 

As of the Company was in compliance with all debt-related covenants under the Credit Agreement.