| Schedule of Long-term Liabilities |
Long-term liabilities consisted of the following at:
|
|
|
|
|
|
|
|
|
|
|
March 31, |
|
|
December 31, |
|
|
|
2022 |
|
|
2021 |
|
Fortress credit agreement |
|
$ |
59,850,000 |
|
|
$ |
60,000,000 |
|
Insurance notes payable |
|
|
334,433 |
|
|
|
500,369 |
|
Long-term liabilities, gross |
|
|
60,184,433 |
|
|
|
60,500,369 |
|
Less: Unamortized debt issuance costs |
|
|
(6,886,449 |
) |
|
|
(7,256,190 |
) |
Long-term liabilities, net of debt issuance costs |
|
|
53,297,984 |
|
|
|
53,244,179 |
|
Less: Current portion |
|
|
(934,433 |
) |
|
|
(1,100,369 |
) |
Long-term liabilities, net |
|
$ |
52,363,551 |
|
|
$ |
52,143,810 |
|
|
| Schedule of Future Maturities of Long-term Liabilities |
As of March 31, 2022, future maturities of our long-term liabilities are as follows:
|
|
|
|
|
Twelve Months Ending March 31, |
|
Total |
|
2023 |
|
$ |
934,433 |
|
2024 |
|
|
600,000 |
|
2025 |
|
|
600,000 |
|
2026 |
|
|
600,000 |
|
2027 |
|
|
57,450,000 |
|
Thereafter |
|
|
— |
|
Long-term liabilities, gross |
|
$ |
60,184,433 |
|
|