Quarterly report pursuant to Section 13 or 15(d)

DEBT (Tables)

v3.22.1
DEBT (Tables)
3 Months Ended
Mar. 31, 2022
Debt  
Schedule of notes payable and long-term debt
The table below summarizes our notes payable and long-term debt at March 31, 2022 and at December 31, 2021:
 
 
 
March 31, 2022
 
 
December 31, 2021
 

 
 
 
 
 
 
 
 
Senior credit facility
 
$
348,463,037
 
 
$
345,440,278
 
Bridge loan
 
 
-
 
 
 
12,049,763
 
Fixed payment obligation
 
 
20,250,000
 
 
 
20,250,000
 
Finance lease obligation
 
 
4,407,345
 
 
 
4,462,938
 
Other notes
 
 
4,069,540
 
 
 
3,478,931
 
Subtotal
 
 
377,189,922
 
 
 
385,681,910
 
 
 
 
 
 
 
 
 
 
Less: current portion of long-term debt
 
 
(24,926,052
)
 
 
(35,223,402
)
Less: unamortized debt discount and issuance costs
 
 
(27,724,533
)
 
 
(29,227,266
)
Subtotal
 
 
324,539,337
 
 
 
321,231,242
 
 
 
 
 
 
 
 
 
 
Convertible note payable to executive officer
 
 
1,000,000
 
 
 
1,000,000
 
 
 
 
 
 
 
 
 
 
Total
 
$
325,539,337
 
 
$
322,231,242
 
Schedule of minimum required payments of notes payable and long-term debt
The following table summarizes the minimum required payments of notes payable and long-term debt as of March 31, 2022:
 
Year
 
Required Minimum Payments
 
2022
 
$
24,926,052
 
2023
 
 
230,188
 
2024
 
 
1,237,094
 
2025
 
 
244,207
 
2026
 
 
351,552,381
 
Thereafter
 
 
-
 
Total
 
$
378,189,922