DEBT (Tables)

12 Months Ended

Dec. 31, 2021

DEBT

SCHEDULE OF DEBT

The following comprises debt on December 31, 2021 and 2020 (in thousands):

	2021		2020
Debt – Third Parties
Note payable – Lind Global	$	—	$	21,085
Paycheck Protection Program		1,009		1,008
Accounts receivable financing – Sallyport Commercial		—		4,512
Note payable - Whitehawk		58,500		—
Note payable – STEM Education Holdings		—		175
Total debt		59,509		26,780
Less: Discount and issuance cost		7,568		2,132
Current portion of debt		9,804		16,817
Long-term debt	$	42,137	$	7,831
Total debt (net of discount)	$	51,941	$	24,648

SCHEDULE OF LONG TERM DEBT PRINCIPLE REPAYMENTS

Principal repayments to be made during the next five years on the Company’s outstanding debt facilities at December 31, 2021 (excluding amounts forgiven in 2022 related to the PPP loan) are as follows:

(in thousands):

2022	$	11,173
2023		2,500
2024		2,500
2025		42,500
2026		—
Total	$	58,673