Debt, Net (Tables)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Schedule of Components of Debt

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

	September 30, 2022		December 31, 2021
Debt, net, current:
Sprott Credit Agreement	$	2,200	$	17,223
Note payable	127		115
Less, debt issuance costs	—		(672)
Total	$	2,327	$	16,666
Debt, net, non-current:
Sprott Credit Agreement, net of original issue discount ($11.6 million, net)	$	43,606	$	51,809
Subordinated Notes	100,879		93,599
Note payable	237		345
Less, debt issuance costs	(2,215)		(2,115)
Total	$	142,507	$	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 September 30, 2022 (dollars in thousands):

October 1, 2022 through December 31, 2022	$	581
2023	1,777
2024	2,879
2025	1,154
2026	22
2027	151,683
Total	158,096
Less, original issue discount, net of accumulated amortization ($9.3 million)	(11,047)
Less, debt issuance costs, net of accumulated amortization ($2.7 million)	(2,215)
Total debt, net	$	144,834

Schedule of 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 September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Sprott Credit Agreement	$	1,261	$	2,820	$	3,848	$	8,227
Subordinated Notes	2,514		2,227		7,279		6,520
Amortization of original issue discount	561		358		2,279		1,043
Amortization of debt issuance costs	117		—		571		—
Other interest expense	6		56		26		40
Capitalized interest	—		—		—		(654)
Total	$	4,459	$	5,461	$	14,003	$	15,176