Debt, Net (Tables)

12 Months Ended

Dec. 31, 2022

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


	Year Ended December 31,
	2022		2021
Debt, net, current:
Sprott Credit Agreement	$	2,200	$	17,223
Note payable	128		115
Less, debt issuance costs	—		(672)
Total	$	2,328	$	16,666

Debt, net, non-current:
Sprott Credit Agreement, net of original issue discount ($10.5 million, net)	$	42,503	$	51,809
Subordinated Notes	92,080		93,599
Note payable	205		345
Less, debt issuance costs	(2,098)		(2,115)
Total	$	132,690	$	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 December 31, 2022 (dollars in thousands):



2023	$	2,328
2024	2,329
2025	1,154
2026	22
2027	141,770
Total	147,603
Less, original issue discount, net of accumulated amortization ($9.8 million)	(10,487)
Less, debt issuance costs, net of accumulated amortization ($2.8 million)	(2,098)
Total debt, net	$	135,018

Schedule of Components of Recorded Interest Expense

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


	Year Ended December 31,
	2022		2021
Sprott Credit Agreement	$	5,310	$	6,349
Subordinated Notes	9,620		8,803
Amortization of original issue discount	2,840		1,394
Amortization of debt issuance costs	689		4,648
Other interest expense	22		53
Capitalized interest	—		(654)
Total	$	18,481	$	20,593