Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2022

Long-Term Debt

Summary of Long-Term Debt

	September 30,		December 31,
	2022		2021
Beginning of year	$	27,329,907	$	1,110,000
Proceeds		27,075,000		30,200,000
Note payable issued in Charm City acquisition		—		2,000,000
Deferred financing costs		(2,206,857)		(8,607,786)
PIK interest		894,088		564,151
Amortization of deferred financing costs		2,536,646		2,123,542
Principal payments		—		(60,000)
End of period		55,628,784		27,329,907
Less: Current portion		6,013,875		—
Total long-term debt	$	49,614,909	$	27,329,907