INVENTORY (Tables)

12 Months Ended

Dec. 31, 2021

Inventory, net of reserves, consists of the following as of December 31,

Floor plan notes payable as of December 31,


	2021		2020
Floor plans notes payable - trade	$	15,119	$	—
Floor plans notes payable - non-trade	82,159		17,812
Floor plan notes payable	$	97,278	$	17,812

Notes payable consisted of the following as of December 31,


	2021		2020
Term loan credit agreement with Oaktree dated August 31, 2021. Amortization payments are required quarterly commencing in the quarter ending December 31, 2021. The Initial Loan Term Facility matures on August 31, 2026. The interest rate as of December 31, 2021 was 9.25%.	$	253,438	$	—
Notes Payable-PPP Loans dated May 1, 2020 with maturity of April 1, 2025. Payments of principal and interest were deferred as of December 31, 2021 while the outstanding principal balance is under Small Business Administration (“SBA”) review.	2,534		5,177
Unsecured note payable to P&D Motorcycles in the original amount of $1,724 with interest rate of 4% through maturity which is July 1, 2022.	1,031		—
Secured notes payable-NextGen dated February 8, 2017. Matured on January 31, 2021.	—		833
Notes payable-private placement dated March 31, 2017. Matured on June 30, 2021.	—		669
Line of Credit-RumbleOn Finance. Line of credit secured by the loans and other assets of RumbleOn Finance, LLC. Interest rate at December 31, 2021 was 7.25%.	—		889
Unsecured notes payable to RideNow Management, LLLP, a related party through equal ownership by two directors; monthly principal payments ranging from $7 to $13; interest accruing at rates ranging from LIBOR+0.6% to LIBOR+1.3%.	907		—
Total notes payable and lines of credit	257,910		7,568
Less: Current portion of notes payable	4,322		2,877
Long-term debt, net of current portion	$	253,588	$	4,691

Floor plan notes payable as of December 31,


	2021		2020
Floor plans notes payable - trade	$	15,119	$	—
Floor plans notes payable - non-trade	82,159		17,812
Floor plan notes payable	$	97,278	$	17,812