| Schedule of Long-term Debt |
Long-term debt consisted of the following at:
|
|
|
March 31,
|
|
|
December 31,
|
|
|
|
|
2020
|
|
|
2019
|
|
|
Nevada State Bank credit agreement
|
|
$
|
9,358,799
|
|
|
$
|
8,699,900
|
|
|
Triangulum promissory note
|
|
|
39,096,401
|
|
|
|
39,096,401
|
|
|
Vehicle notes payable
|
|
|
39,021
|
|
|
|
44,490
|
|
|
Insurance notes payable
|
|
|
118,966
|
|
|
|
177,894
|
|
|
Long-term debt, gross
|
|
|
48,613,187
|
|
|
|
48,018,685
|
|
|
Less: Unamortized debt issuance costs
|
|
|
(84,702
|
)
|
|
|
(93,144
|
)
|
|
Long-term debt, net
|
|
|
48,528,485
|
|
|
|
47,925,541
|
|
|
Less: Current portion
|
|
|
(1,599,103
|
)
|
|
|
(1,634,527
|
)
|
|
Long-term debt, long-term portion
|
|
$
|
46,929,382
|
|
|
$
|
46,291,014
|
|
|
| Schedule of Future Maturities of Long-term Debt Obligations |
As of March 31, 2020, future maturities of our long-term debt obligations are as follows:
|
Twelve Months Ending March 31,
|
|
Total
|
|
|
2021
|
|
$
|
1,599,103
|
|
|
2022
|
|
|
2,574,483
|
|
|
2023
|
|
|
1,664,400
|
|
|
2024
|
|
|
3,678,800
|
|
|
2025
|
|
|
—
|
|
|
Thereafter
|
|
|
39,096,401
|
|
|
Long-term debt, gross
|
|
|
48,613,187
|
|
|
Less:
|
|
|
|
|
|
Unamortized debt issuance costs
|
|
|
(84,702
|
)
|
|
Long-term debt, net
|
|
$
|
48,528,485
|
|
|