| Schedule of Long-term Debt and Liabilities |
Long-term debt and liabilities consisted of the following at:
|
|
|
|
|
|
|
|
|
|
|
March 31, |
|
|
December 31, |
|
|
|
2024 |
|
|
2023 |
|
Fortress credit agreement |
|
$ |
58,026,929 |
|
|
$ |
58,176,929 |
|
Insurance notes payable |
|
|
160,158 |
|
|
|
254,120 |
|
Long-term debt and liabilities, gross |
|
|
58,187,087 |
|
|
|
58,431,049 |
|
Less: Unamortized debt issuance costs |
|
|
(3,999,445 |
) |
|
|
(4,380,344 |
) |
Long-term debt and liabilities, net of debt issuance costs |
|
|
54,187,642 |
|
|
|
54,050,705 |
|
Less: Current portion of long-term debt |
|
|
(760,158 |
) |
|
|
(854,120 |
) |
Long-term debt and liabilities, net |
|
$ |
53,427,484 |
|
|
$ |
53,196,585 |
|
|
| Schedule of Future Maturities of Long-term Obligations |
As of March 31, 2024, future maturities of our long-term obligations are as follows:
|
|
|
|
|
|
|
Total |
|
Years ended December 31, |
|
|
|
2024 |
|
$ |
610,158 |
|
2025 |
|
|
600,000 |
|
2026 |
|
|
56,976,929 |
|
Long-term liabilities, gross |
|
$ |
58,187,087 |
|
|