Quarterly report pursuant to Section 13 or 15(d)

DEBT (Tables)

v3.22.2.2
DEBT (Tables)
6 Months Ended
Jun. 30, 2022
Debt  
Schedule of notes payable and long-term debt
The
table below summarizes our notes payable and long-term debt at June 30, 2022 and at December 31, 2021:
 
 
 
June 30, 2022
 
 
December 31, 2021
 
 
 
 
 
 
 
 
Senior credit facility
 
$
351,546,124
 
 
$
345,440,278
 
Bridge loan
 
 
-
 
 
 
12,049,763
 
Fixed payment obligation
 
 
22,785,000
 
 
 
20,250,000
 
Finance lease obligation
 
 
4,351,752
 
 
 
4,462,938
 
Other notes
 
 
3,283,718
 
 
 
3,478,931
 
Subtotal
 
 
381,966,594
 
 
 
385,681,910
 
 
 
 
 
 
 
 
 
 
Less: current portion of long-term debt
 
 
(23,473,742
)
 
 
(35,223,402
)
Less: unamortized debt discount and issuance costs
 
 
(29,064,526
)
 
 
(29,227,266
)
Subtotal
 
 
329,428,326
 
 
 
321,231,242
 
 
 
 
 
 
 
 
 
 
Convertible note payable to executive officer
 
 
1,000,000
 
 
 
1,000,000
 
 
 
 
 
 
 
 
 
 
Total
 
$
330,428,326
 
 
$
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 June 30, 2022:
 
Year
 
Required Minimum Payments
 
2022
 
$
3,505,660
 
2023
 
 
23,015,188
 
2024
 
 
1,237,094
 
2025
 
 
244,207
 
2026
 
 
354,964,445
 
Thereafter
 
 
-
 
Total
 
$
382,966,594