| Schedule of Long-term Liabilities |
Long-term debt and liabilities consisted of the following at December 31, 2022 and 2021:
|
|
|
|
|
|
|
|
|
|
|
December 31, |
|
|
December 31, |
|
|
|
2022 |
|
|
2021 |
|
Fortress credit agreement |
|
$ |
59,400,000 |
|
|
$ |
60,000,000 |
|
Insurance notes payable |
|
|
340,084 |
|
|
|
500,369 |
|
Long-term debt and liabilities, gross |
|
|
59,740,084 |
|
|
|
60,500,369 |
|
Less: Unamortized debt issuance costs |
|
|
(5,839,228 |
) |
|
|
(7,256,190 |
) |
Long-term debt and liabilities, net of debt issuance costs |
|
|
53,900,856 |
|
|
|
53,244,179 |
|
Less: Current portion of long-term debt |
|
|
(940,084 |
) |
|
|
(1,100,369 |
) |
Long-term debt and liabilities, net |
|
$ |
52,960,772 |
|
|
$ |
52,143,810 |
|
|
| Schedule of Future Maturities of Long-term Obligations |
As of December 31, 2022, future maturities of our long-term obligations are as follows:
|
|
|
|
|
|
|
Total |
|
Years ended December 31, |
|
|
|
2023 |
|
$ |
940,084 |
|
2024 |
|
|
600,000 |
|
2025 |
|
|
600,000 |
|
2026 |
|
|
57,600,000 |
|
2027 |
|
|
— |
|
Thereafter |
|
|
— |
|
Long-term liabilities, gross |
|
$ |
59,740,084 |
|
|