Quarterly report pursuant to Section 13 or 15(d)

DEBT (Tables)

v3.21.2
DEBT (Tables)
9 Months Ended
Sep. 30, 2021
Debt  
Schedule of notes payable and long-term debt
The
table
below
summarizes
our
notes
payable
and
long-term
debt
at
September
30,
2021
and
at
December
31,
2020:
 
 
 
 
September
 
30,
 
2021
 
 
 
December
 
31,
 
2020
 
Notes
Payable
 
 
 
 
 
 
 
 
Senior
credit
facility
 
$
290,626,038
 
 
$
153,405,569
 
Fixed
payment
obligation
 
 
20,250,000
 
 
 
20,250,000
 
Other
notes
 
 
2,928,949
 
 
 
4,198,113
 
 
 
 
313,804,987
 
 
 
177,853,682
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Less:
current
portion
of
long-term
debt
 
 
(17,341,122
)
 
 
(4,198,113
)
Less:
unamortized
debt
discount
and
issuance
costs
 
 
(17,614,939
)
 
 
(10,731,206
)
Subtotal
 
 
278,848,927
 
 
 
162,924,363
 
 
 
 
 
 
 
 
 
 
Convertible
Notes
Payable
 
 
 
 
 
 
 
 
Convertible
note
payable
to
executive
officer
 
 
1,000,000
 
 
 
1,000,000
 
Other
convertible
notes
payable
 
 
-
 
 
 
697,000
 
Subtotal
 
 
1,000,000
 
 
 
1,697,000
 
 
 
 
 
 
 
 
 
 
Total
 
$
279,848,927
 
 
$
164,621,363
 
 

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 September 30, 2021:
 
Year
 
 
Required
Minimum
 
Payments
 
2021
 
$
2,928,949
 
2022
 
 
21,250,001
 
2023
 
 
-
 
2024
 
 
-
 
2025
 
 
-
 
Thereafter
 
 
290,626,038
 
Total
 
$
314,804,988