Quarterly report pursuant to Section 13 or 15(d)

DEBT (Tables)

v3.23.2
DEBT (Tables)
6 Months Ended
Jun. 30, 2023
Debt  
Schedule of notes payable and long-term debt
The table below summarizes our notes
pa
yable and long-term debt at June 30, 2023 and at December 31, 2022:
 
 
 
June 30, 2023
 
 
December 31, 2022
 
 
 
 
 
 
 
 
Senior credit agreement
 
$
521,954,989
 
 
$
436,125,808
 
Fixed payment obligation
 
 
26,400,000
 
 
 
22,785,000
 
Other notes
 
 
4,127,651
 
 
 
2,441,316
 
Subtotal
 
 
552,482,640
 
 
 
461,352,124
 
 
 
 
 
 
 
 
 
 
Less: current portion of long-term debt
 
 
(27,867,182
)
 
 
(11,792,105
)
Less: unamortized debt discount and issuance costs
 
 
(50,607,380
)
 
 
(36,071,868
)
Subtotal
 
 
474,008,078
 
 
 
413,488,151
 
 
 
 
 
 
 
 
 
 
Convertible note payable to executive officer
 
 
1,000,000
 
 
 
1,000,000
 
 
 
 
 
 
 
 
 
 
Total
 
$
475,008,078
 
 
$
414,488,151
 
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 June 30, 2023:

Year
 
Required Minimum Payments
 
2023
 
$
12,103,857
 
2024
 
 
166,903,355
 
2025
 
 
374,336,287
 
2026
 
 
3,616
 
2027
 
 
3,754
 
Thereafter
 
 
131,771
 
Total
 
$
553,482,640