Quarterly report pursuant to Section 13 or 15(d)

LONG-TERM LIABILITIES (Details Narrative)

v3.21.2
LONG-TERM LIABILITIES (Details Narrative) - USD ($)
3 Months Ended 9 Months Ended
Oct. 07, 2021
May 06, 2021
Mar. 29, 2021
May 05, 2020
Mar. 12, 2020
May 06, 2019
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Sep. 30, 2021
Sep. 30, 2020
Oct. 26, 2020
Debt Instrument [Line Items]                        
Drew on revolving loan amount         $ 1,000,000           $ 1,000,000  
Nevada State Bank Credit Agreement                        
Debt Instrument [Line Items]                        
Principal amount outstanding             $ 7,251,800     $ 7,251,800    
Revolving Credit Facility | Nevada State Bank Credit Agreement                        
Debt Instrument [Line Items]                        
Drew on revolving loan amount         $ 1,000,000              
NSB and Credit Agreement | Revolving Credit Facility                        
Debt Instrument [Line Items]                        
Borrowing capacity             $ 1,000,000     $ 1,000,000    
A&R Credit Agreement                        
Debt Instrument [Line Items]                        
Debt instrument, covenant compliance                   The A&R Credit Agreement contains affirmative and negative financial covenants (as defined in the A&R Credit Agreement) and other restrictions customary for borrowings of this nature. In particular, we are required to maintain (i) a quarterly minimum Fixed Charge Coverage ratio of 1.25x; (ii) a quarterly maximum Total Leverage ratio of 22.50x for the quarter ending March 31, 2021, 10.00x for quarter ending June 30, 2021, 6.50x for the quarter ending September 30, 2021 with semi-annual step-downs of 0.25x commencing December 31, 2021 and quarterly thereafter; (iii) a quarterly maximum Senior Leverage ratio of 5.25x for the quarter ending March 31, 2021, 2.50x for the quarter ending June 30, 2021 and 2.00x quarterly thereafter; (iv) a quarterly Minimum EBITDA covenant of $2.4 million for each of the quarters ending March 31, 2021, June 30, 2021 and September 30, 2021 and $8.0 million quarterly thereafter; (v) a quarterly Minimum Liquidity covenant requiring the Company to have cash and cash equivalents of no less than $1.5 million at quarter ends through and including June 30, 2021 and $2.5 million quarterly thereafter; and (vi) a yearly maximum Maintenance Capital Expenditure covenant of 5% of total revenues for the prior year. The Company was in compliance with its Fixed Charge Coverage ratio, Senior Leverage ratio, Total Leverage ratio and Minimum Liquidity covenants as of June 30, 2021.    
Step down leverage ratio                   0.25%    
Step down leverage ratio description                   semi-annual step-downs of 0.25x commencing December 31, 2021 and quarterly thereafter    
Maximum senior leverage ratio             2.00% 2.50% 5.25%      
Minimum required EBITDA covenant for first quarter             $ 2,400,000     $ 2,400,000    
Minimum required EBITDA covenant for prior quarter             2,400,000     2,400,000    
Minimum required EBITDA covenant for current quarter             2,400,000     2,400,000    
Minimum required EBITDA covenant for thereafter             8,000,000.0     8,000,000.0    
Minimum liquidity covenant required of cash and cash equivalents for current quarter             1,500,000     1,500,000    
Minimum liquidity covenant required of cash and cash equivalents for thereafter             $ 2,500,000     $ 2,500,000    
A&R Credit Agreement | Minimum                        
Debt Instrument [Line Items]                        
Fixed charge coverage ratio                   1.25%    
A&R Credit Agreement | Maximum                        
Debt Instrument [Line Items]                        
Leverage ratio             6.50% 10.00% 22.50%      
Percentage of maintenance capital expenditures to be made from prior fiscal year total revenues                   5.00%    
A&R Credit Agreement | Nevada State Bank                        
Debt Instrument [Line Items]                        
Debt instrument, interest rate terms                   outstanding balances accrue interest based on one-month U.S. dollar London interbank offered rate (“LIBOR”) plus an applicable margin of 3.50% or 4.00%, depending on our Total Leverage Ratio (as defined in the A&R Credit Agreement).    
A&R Credit Agreement | Revolving Credit Facility | Nevada State Bank                        
Debt Instrument [Line Items]                        
Borrowing capacity     $ 1,000,000                  
Maturity date     Apr. 24, 2022                  
Share Redemption Consideration Obligation                        
Debt Instrument [Line Items]                        
Debt instrument, face amount           $ 39,096,401            
Debt instrument, redemption period, start date           May 06, 2019            
Debt instrument, redemption period, end date           May 06, 2029            
Interest rate           2.00%            
Debt instrument, annual payment   $ 781,928   $ 781,928                
Share Redemption Consideration Obligation | Settlement Agreement | Subsequent Event                        
Debt Instrument [Line Items]                        
Debt instrument, redemption period, start date May 06, 2021                      
Interest rate 2.00%                      
Debt instrument, contingent payment upon settlement $ 39,096,401                      
Term Loan | Nevada State Bank Credit Agreement                        
Debt Instrument [Line Items]                        
Principal amount outstanding             $ 6,251,800     $ 6,251,800    
Term Loan | NSB and Credit Agreement                        
Debt Instrument [Line Items]                        
Borrowing capacity             $ 11,000,000     $ 11,000,000    
Term Loan | A&R Credit Agreement | Nevada State Bank                        
Debt Instrument [Line Items]                        
Borrowing capacity     $ 7,022,300                  
Maturity date     Apr. 24, 2023                  
Leverage Ratio Less Than 2.0 | A&R Credit Agreement | Nevada State Bank | LIBOR                        
Debt Instrument [Line Items]                        
Debt instrument, applicable margin rate                   3.50%    
Leverage Ratio 2.0 or Greater | A&R Credit Agreement | Nevada State Bank | LIBOR                        
Debt Instrument [Line Items]                        
Debt instrument, applicable margin rate                   4.00%    
Main Street Priority Loan Facility | Nevada State Bank                        
Debt Instrument [Line Items]                        
Unsecured Debt                       $ 4,000,000
Variable rate basis, description                   three-month U.S. dollar LIBOR plus 300 basis points (initially 3.215%)    
Debt instrument, initial interest rate             3.215%     3.215%    
Loan, maturity period                   5 years    
Debt instrument, amortization price percentage principal amount outstanding                   15.00%    
Main Street Priority Loan Facility | Nevada State Bank | LIBOR                        
Debt Instrument [Line Items]                        
Debt instrument, applicable margin rate                   3.00%