Annual report pursuant to Section 13 and 15(d)

DEBT (Tables)

v3.23.1
DEBT (Tables)
12 Months Ended
Dec. 31, 2022
Debt  
Schedule of notes payable and long-term debt
The
table below summarizes our notes payable and long-term debt at December 31, 2022 and at December 31, 2021:

 
 
December 31, 2022
 
 
December 31, 2021
 
 
 
 
 
 
 
 
Senior Credit Agreement
 
$
436,125,808
 
 
$
345,440,278
 
Bridge loan
 
 
-
 
 
 
12,049,763
 
Fixed payment obligation
 
 
22,785,000
 
 
 
20,250,000
 
Finance lease obligation (see Note K)
 
 
-
 
 
 
4,462,938
 
Other notes
 
 
2,441,316
 
 
 
3,478,931
 
Subtotal
 
 
461,352,124
 
 
 
385,681,910
 
 
 
 
 
 
 
 
Less: current portion of long-term debt
 
 
(11,792,105
)
 
 
(35,223,402
)
Less: unamortized debt discount and issuance costs
 
 
(36,071,868
)
 
 
(29,227,266
)
Subtotal
 
 
413,488,151
 
 
 
321,231,242
 
 
 
 
 
 
 
 
Convertible note payable to executive officer
 
 
1,000,000
 
 
 
1,000,000
 
 
 
 
 
 
 
 
Total
 
$
414,488,151
 
 
$
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 December 31, 2022:
 
Year
 
Required Minimum Payments
 
2023
 
$
11,792,105
 
2024
 
 
114,285,000
 
2025
 
 
336,125,808
 
2026
 
 
-
 
2027
 
 
-
 
Thereafter
 
 
149,211
 
Total
 
$
462,352,124