Notes Payable and Other Long-Term Liabilities (Tables)

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Schedule of Debt Obligations

Our debt obligations are as follows:

	Interest Rate	June 30,			December 31,
	(1)	2022			2021
		(Unaudited)
Monroe Term Loan (2)	8.06%	$	61,384,151		$	58,585,000
Green Remedies Promissory Note (3)	3.00%		1,906,395			2,040,607
PNC ABL Facility (4)	3.06%		7,885,016			7,234,737
Total notes payable			71,175,562			67,860,344
Less: Current portion of long-term debt			(1,158,800	)		(1,329,109	)
Less: Unamortized debt issuance costs			(2,326,082	)		(2,637,483	)
Less: Unamortized OID			(340,068	)		(391,493	)
Less: Unamortized OID warrant			(949,582	)		(1,093,058	)
Notes payable, net		$	66,401,030		$	62,409,201
(1) Interest rates as of June 30, 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.

	June 30,
	2022
	(Unaudited)
Debt issuance costs
Beginning balance	$	2,637,483
Financing costs deferred		45,800
Less: Amortization expense		(357,201	)
Debt issuance costs, net of accumulated amortization	$	2,326,082

Schedule of Other Long-Term Liabilities

Other long-term liabilities

	June 30,		December 31,
	2022		2021
	(Unaudited)
Deferred consideration - earn-out	$	225,000	$	781,000
Operating lease liability - long-term portion		478,047		1,123,799
Other		4,167		4,167
	$	707,214	$	1,908,966