Notes Payable

3 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

Notes Payable

11. Notes Payable

Notes payable consisted of the following:

(Dollars in thousands)	March 31, 2023			December 31, 2022
Promissory notes payable bearing interest of 6.0%. The notes have a 36-month term with maturity in April 2024. Accrued interest is paid in accordance with a monthly amortization schedule.	$	7,749		$	7,749
Total notes payable		7,749			7,749
Less current portion		(7,749	)		-
Long-term portion of notes payable	$	-		$	7,749

Eastside Distilling, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

March 31, 2023

(Unaudited)

The Company paid $0.1 million and $0.2 million in interest on notes for the three months ended March 31, 2023 and 2022, respectively.

Maturities on notes payable as of March 31, 2023 were as follows:

(Dollars in thousands)
2023	$	-
2024		7,749
2025		-
2026		-
2027		-
Thereafter		-
	$	7,749