in fair value was attributable to the decrease in the maturity of the Notes. None of the increase was due to changes in the Company’s credit ratings, and as such there have been no amounts recorded as a component of other comprehensive income(loss) for the periods presented. The weighted average interest rates for the Company’s debt, by loan type, applicable for the twelve months ended December 31, 2022, is as follows: PMCrevolver ........................................ 8.2% PMCcapexline ...................................... 12.40% PMCLeaseline ...................................... 12.00% PMCTermloan ...................................... 13.35% Contractual future payments for all borrowings as of December 31, 2022 are as follows (in thousands): 2023 ............................................. $ 967 2024 ............................................. 2,003 2025 ............................................. 60,856 2026 ............................................. 2,031 2027 ............................................. 2,300 Thereafter ......................................... 1,694 Totalpaymentsoutstanding ........................... $69,851 NOTE 9. EQUITY Subsequent to the Company’s IPO on November 4, 2021, equity interests in the Company consist of Class A common stock and Class B common stock. Shares of Class A and B common stock have equal voting rights, however, shares of Class B common stock do not share in the earnings or losses of the Company and are therefore not participating securities. As such, a separate presentation of basic and diluted net income (loss) per share for each of Class B common stock under the two-class method has not been presented. For purposes of calculating earnings per share, the prior period unit amounts have been retroactively adjusted to give effect to the aforementioned Reorganization in Note 1, Organization and Description of Business. The computations of earnings per share at the time of the reorganization reflect a 139.78-for-one exchange ratio which when applied to the Common units used in the pre IPO earnings per share calculation resulted in 8,699,630 Common units. The entirety of outstanding units prior to the Reorganization, including Series A preferred units and Series Seed preferred units, were converted to Class B units which aggregated to 14,422,924 units (which concurrently converted to Class B shares as well) after taking into effect the aforementioned share exchange. Prior to the Company’s IPO, equity interests in the Company consisted of common units of, Series A preferred units, and Series Seed preferred units. All units had equal voting rights. Upon consummation of the Company’s IPO all units were converted into 14,422,924 Class B common stock. Class B commons shares convey no economic interest in the Company, however they represent 76% of the voting rights of the Company at December 31, 2022. 70
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