Notes Payable and Other Long-Term Liabilities (Tables)

3 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Schedule of Debt Obligations

Our debt obligations are as follows:

	Interest Rate	March 31,			December 31,
	(1)	2022			2021
		(Unaudited)
Monroe Term Loan (2)	7.5%	$	62,025,000		$	58,585,000
Green Remedies Promissory Note (3)	3.0%		2,040,607			2,040,607
PNC ABL Facility (4)	3.0%		7,186,580			7,234,737
Total notes payable			71,252,187			67,860,344
Less: Current portion of long-term debt			(1,644,149	)		(1,329,109	)
Less: Unamortized debt issuance costs			(2,505,235	)		(2,637,483	)
Less: Unamortized OID			(365,781	)		(391,493	)
Less: Unamortized OID warrant			(1,021,320	)		(1,093,058	)
Notes payable, net		$	65,715,702		$	62,409,201
(1) Interest rates as of March 31, 2022
(2) Bears interest at LIBOR rate plus Applicable Margin ranging from 5.5%-7.5%
(3) Stated interest rate of 3.0%, discounted cash flow rate of 13%
(4) Bears interest at a Base rate, as defined, plus a margin of 0.75% to 1.25%

Schedule of Changes in Debt Issuance Costs

The table below summarizes changes in debt issuance costs.

	March 31,
	2022
	(Unaudited)
Debt issuance costs
Beginning balance	$	2,637,483
Financing costs deferred		45,800
Less: Amortization expense		(178,048	)
Debt issuance costs, net of accumulated amortization	$	2,505,235

Schedule of Other Long-Term Liabilities

Other long-term liabilities

	March 31,		December 31,
	2022		2021
	(Unaudited)
Deferred consideration - earn-out	$	781,000	$	781,000
Operating lease liability - long-term portion		1,013,318		1,123,799
Other		4,166		4,167
	$	1,798,484	$	1,908,966