Notes Payable, Related Party Notes Payable and Finance Lease Obligations (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of notes payable, related party notes payable and finance lease obligations

	December 31,			December 31,
	2021			2020
Revolving credit note payable to Webster Bank (F/K/A Sterling National Bank) (“Webster”)	$	12,456,000		$	15,649,000
Term loan, Webster		4,192,000			5,558,000
Finance lease obligations		263,000			6,000
Loans Payable - financed assets		39,000			48,000
Related party notes payable		6,412,000			6,012,000
Subtotal		23,362,000			27,273,000
Less: Current portion of notes payable, related party notes payable and finance lease obligations		(14,112,000	)		(16,475,000	)
Notes payable, related party notes payable and finance lease obligations, net of current portion	$	9,250,000		$	10,798,000

Schedule of payments for the term note

For the year ending	Amount
December 31, 2022	$	1,599,000
December 31, 2023		812,000
December 31, 2024		812,000
December 31, 2025		969,000
Webster Term Loan payable		4,192,000
Less: debt issuance costs		(54,000	)
Total Webster Term Loan payable, net of debt issuance costs		4,138,000
Less: Current portion of Webster Term Loan payable		(1,599,000	)
Total long-term portion of Webster Term Loan payable	$	2,539,000

Schedule of future minimum lease payments

For the year ending	Amount
December 31, 2022	$	58,000
December 31, 2023		58,000
December 31, 2024		58,000
December 31, 2025		58,000
December 31, 2026		59,000
Total future minimum finance lease payments		291,000
Less: imputed interest		(29,000	)
Less: Current portion		(48,000	)
Long-term portion	$	214,000

Schedule of annual maturities of this loan

For the year ending	Amount
December 31, 2022	$	9,000
December 31, 2023		9,000
December 31, 2024		9,000
December 31, 2025		9,000
Thereafter		3,000
Loans Payable - financed assets		39,000
Less: Current portion		(9,000	)
Long-term portion	$	30,000

Schedule of subordinated principal balance of the notes

	Michael Taglich,		Robert Taglich,		Taglich Brothers,
	Chairman		Director		Inc.		Total
Convertible Subordinated Notes	$	2,666,000	$	1,905,000	$	241,000	$	4,812,000
Subordinated Notes		1,250,000		350,000		-		1,600,000
Total	$	3,916,000	$	2,255,000	$	241,000	$	6,412,000