Debt, Net (Tables)

3 Months Ended

Mar. 31, 2022

The following table summarizes the components of Debt, net (dollars in thousands):


	March 31, 2022		December 31, 2021
Debt, net, current:
Sprott Credit Agreement	$	2,200	$	17,223
Note payable	126		115
Less, debt issuance costs	—		(672)
Total	$	2,326	$	16,666

Debt, net, non-current:
Sprott Credit Agreement, net of original issue discount ($12.2 million, net)	$	43,585	$	51,809
Subordinated Notes	95,940		93,599
Note payable	301		345
Less, debt issuance costs	(2,449)		(2,115)
Total	$	137,377	$	143,638

Schedule of maturities of long-term debt

The following table summarizes the Company's contractual payments of Debt, net, including current maturities, for the five years subsequent to March 31, 2022 (dollars in thousands):


April 1, 2022 through December 31, 2022	$	1,744
2023	2,327
2024	2,329
2025	1,154
2026	22
2027	146,744
Total	154,320
Less, original issue discount, net of accumulated amortization ($8.2 million)	(12,168)
Less, debt issuance costs, net of accumulated amortization ($2.5 million)	(2,449)
Total debt, net	$	139,703

Components of recorded interest expense

The following table summarizes the components of recorded Interest expense, net of capitalized interest (dollars in thousands):


	Three Months Ended March 31,
	2022		2021
Sprott Credit Agreement	$	1,493	$	1,552
Subordinated Notes	2,340		2,120
Amortization of original issue discount	1,158		1,088
Amortization of debt issuance costs	337		335
Other interest expense	18		8
Capitalized interest	—		(654)
Total	$	5,346	$	4,449