Promissory Notes

2022

2021

Bank line of credit, available LOC $2.0 million interest at 3.65% due on demand, collateralized by a first and second position on all assets of the Company.

-

$

-

$

-

Long-Term Debt

Note payable, interest at 6.25% due January 2023, collateralized by an Aircraft Security Agreement.

534

1,138

Note payable, interest at 6.25%, due June 2024, collateralized by real estate.

181

202

Note payable, interest at 4.5%, paid off in 2022.

-

21

Note payable, interest at SOFR plus 1.75% due March 2029, collateralized by real estate.

1,106

1,267

Note payable, interest at SOFR plus 1.75% due March 2029 collateralized by real estate.

507

581

Note payable, interest at 5.32%, this note matures in December 2027, with a balloon payment of $19,250, collateralized by all of BHCMC's assets and compensation due under the State Management Contract.

32,667

34,417

Note payable, interest at 5.75%, this note matures October 2026, collateralized by all of BHCMC's assets and compensation due under the State Management Contract.

12,721

6,533

Note payable, interest at 4.35%, due March 2029, collateralized by Aircraft Security Agreements

1,197

-

Note payable, interest at 8.13%, due October 2025, collateralized by equipment

52

-

Paycheck Protection Program loan, interest at 1%, this loan was received for the professional services segment. In June 2021, the Company received notice of forgiveness from the Small Business Administration.

-

2,001

48,965

46,160

Less: Origination fees

389

372

48,576

45,788

Less: Current maturities

5,165

5,972

$

43,411

$

39,816