| Schedule of Long-term Liabilities |
Long-term liabilities consisted of the following at:
|
|
|
|
|
|
|
|
|
|
|
September 30, |
|
|
December 31, |
|
|
|
2023 |
|
|
2022 |
|
Fortress credit agreement |
|
$ |
58,326,929 |
|
|
$ |
59,400,000 |
|
Insurance notes payable |
|
|
346,513 |
|
|
|
340,084 |
|
Long-term debt and liabilities, gross |
|
|
58,673,442 |
|
|
|
59,740,084 |
|
Less: Unamortized debt issuance costs |
|
|
(4,737,647 |
) |
|
|
(5,839,228 |
) |
Long-term debt and liabilities, net of debt issuance costs |
|
|
53,935,795 |
|
|
|
53,900,856 |
|
Less: Current portion of long-term debt |
|
|
(946,513 |
) |
|
|
(940,084 |
) |
Long-term debt and liabilities, net |
|
$ |
52,989,282 |
|
|
$ |
52,960,772 |
|
|
| Schedule of Future Maturities of Long-term Liabilities |
As of September 30, 2023, future maturities of our long-term liabilities are as follows:
|
|
|
|
|
|
|
Total |
|
Years ended December 31, |
|
|
|
2023 |
|
$ |
242,393 |
|
2024 |
|
|
854,120 |
|
2025 |
|
|
600,000 |
|
2026 |
|
|
56,976,929 |
|
Long-term liabilities, gross |
|
$ |
58,673,442 |
|
|