Company: AWX
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001437749-25-025765
Chunk: 15

Company: AVALON HOLDINGS CORP
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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2025 and December 31, 2024.

During the six months ended June 30, 2025 and 2024, the weighted average interest rate on outstanding borrowings was6.17% and6.27%, respectively.

Obligations under the Company’s debt agreements at June 30, 2025 and December 31, 2024 consist of the following (in thousands):

                            June 30, 2025                                                                              
                            Gross Amount                   Debt Issuance Costs                 Net Amount              
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Term Loan Agreement       $                  29,347      $                        ( 409      $               28,938  
  Less current portion                            654                                ( 60                         594  
  Long-term debt            $                  28,693      $                        ( 349      $               28,344  

                            December 31, 2024                                                                              
                            Gross Amount                       Debt Issuance Costs                 Net Amount              
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Term Loan Agreement       $                      29,660      $                        ( 439      $               29,221  
  Less current portion                                635                                ( 60                         575  
  Long-term debt            $                      29,025      $                        ( 379      $               28,646  

For the twelve months ending June 30, future maturities of long-term debt are as follows (in thousands):

  2026               654  
  2027             3,894  
  2028               737  
  2029               782  
  2030               831  
  Thereafter      25,649  
  Total           32,547  

Note 10. Income Taxes

During the three months ended June 30, 2025, net income attributable to Avalon Holdings Corporation shareholders was $0.3million compared to net income attributable to Avalon Holdings Corporation shareholders of $1.0million during the three months ending June 30, 2024. During the six months ended June 30, 2025, a net loss attributable to Avalon Holdings Corporation shareholders was $1.2million compared to a net loss attributable to Avalon Holdings Corporation shareholders of $25,000during the six months ended June 30, 2024. Avalon recorded a state income tax provision