| Schedule of Long-term Debt and Liabilities |
Long-term debt and liabilities consisted of the following at:
|
|
|
|
|
|
|
|
|
September 30, |
|
|
December 31, |
|
|
2024 |
|
|
2023 |
|
Fortress credit agreement |
$ |
57,726,929 |
|
|
$ |
58,176,929 |
|
Insurance notes payable |
|
330,371 |
|
|
|
254,120 |
|
Long-term debt and liabilities, gross |
|
58,057,300 |
|
|
|
58,431,049 |
|
Less: Unamortized debt issuance costs |
|
(3,237,645 |
) |
|
|
(4,380,344 |
) |
Long-term debt and liabilities, net of debt issuance costs |
|
54,819,655 |
|
|
|
54,050,705 |
|
Less: Current portion of long-term debt |
|
(930,371 |
) |
|
|
(854,120 |
) |
Long-term debt and liabilities, net |
$ |
53,889,284 |
|
|
$ |
53,196,585 |
|
|
| Schedule of Future Maturities of Long-term Obligations |
As of September 30, 2024, future maturities of our long-term obligations are as follows:
|
|
|
|
|
|
|
Total |
|
Years ended December 31, |
|
|
|
2024 |
|
$ |
238,089 |
|
2025 |
|
|
842,281 |
|
2026 |
|
|
56,976,930 |
|
Long-term liabilities, gross |
|
$ |
58,057,300 |
|
|