DEBT (Tables)

3 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

Schedule of Debt

The following is a summary of the Company's debt facilities and balances as of March 31, 2023 and December 31, 2022:

	Total Commitment  or Original Principal		Quarterly Principal Payments(2)			March 31, 2023				December 31, 2022
					Maturity Date	Amount Outstanding		Interest Rate		Amount Outstanding		Interest Rate
Crimson Credit Facility:
Crimson Revolver	$	50,000,000	$	—	5/3/2024	$	38,000,000	9.39	%	$	35,000,000	8.41	%
Crimson Term Loan	80,000,000		2,000,000		5/3/2024	64,000,000		9.30	%	66,000,000		8.22	%
Crimson Uncommitted Incremental Credit Facility	25,000,000		—		5/3/2024	—		—	%	—		—	%
5.875% Convertible Senior Notes	120,000,000		—		8/15/2025	118,050,000		5.875	%	118,050,000		5.875	%
Total Debt						$	220,050,000			$	219,050,000
Less:
Unamortized deferred financing costs on 5.875% Convertible Senior Notes						$	197,769			$	218,587
Unamortized discount on 5.875% Convertible Senior Notes						1,364,276				1,507,883
Unamortized deferred financing costs on Crimson Term Loan(1)						513,123				665,547
Total Debt, net of deferred financing costs						$	217,974,832			$	216,657,983
Debt due within one year						$	11,000,000			$	10,000,000
(1) Unamortized deferred financing costs related to the Company's revolving credit facilities are included in Deferred Costs in the Assets section of the Consolidated Balance Sheets. Refer to the "Deferred Financing Costs" paragraph below.
(2) The required quarterly principal payments will increase from $2.0 million to $3.0 million beginning with the payment due September 30, 2023.

Schedule of Contractual Payments

The remaining contractual principal payments as of March 31, 2023 under the Crimson Credit Facility are as follows:

Year	Crimson Term Loan		Crimson Revolver		Total
2023	$	8,000,000	$	—	$	8,000,000
2024	56,000,000		38,000,000		94,000,000
Total Remaining Contractual Payments	$	64,000,000	$	38,000,000	$	102,000,000

Schedule of Convertible Note Interest Expense

The following is a summary of the impact of the 5.875% Convertible Senior Notes on interest expense for the three months ended March 31, 2023 and 2022:

Convertible Note Interest Expense
	For the Three Months Ended
	March 31, 2023		March 31, 2022
5.875% Convertible Notes:
Interest Expense	$	1,733,859	$	1,733,859
Discount Amortization	143,607		143,607
Deferred Debt Issuance Amortization	20,818		20,818
Total 5.875% Convertible Note Interest Expense	$	1,898,284	$	1,898,284