Notes Payable and Convertible Notes (Tables)

3 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Summary of Notes Payable and Convertible Notes

The Company’s notes payable and convertible notes are as follows:

	LI Lending, LLC			May 2020 Convertible Notes			May 2020 Convertible Notes (Swap)			October 2021 Convertible Note		Other Loans			Total
Balance, December 31, 2020	$	45,362		$	2,855		$	11,867		$	—	$	6,931		$	67,015
Loans advanced, net		—			—			—			14,376		930			15,306
Loan payments		(4,671	)		—			—			—		(1,079	)		(5,750	)
Converted to equity		—			(5,852	)		(11,867	)		—		—			(17,719	)
Accrued interest		7,575			2,997			—			265		1,124			11,961
Balance, December 31, 2021	$	48,266		$	—		$	—		$	14,641	$	7,906		$	70,813
Loans advanced, net		—			—			—			—		2,000			2,000
Loan payments		(1,506	)		—			—			—		(110	)		(1,616	)
Converted to equity		—			—			—			—		(2,784	)		(2,784	)
Accrued interest		1,891			—			—			279		82			2,252
Balance, March 31, 2022	$	48,651		$	—		$	—		$	14,920	$	7,094		$	70,665
Less current portion		—			—			—			—		(5,385	)		(5,385	)
Long-term portion	$	48,651		$	—		$	—		$	14,920	$	1,709		$	65,280

Summary of Convertible Debt

Outstanding as of March 31, 2022 were other payables totaling $7,094 which include notes issued as part of the acquisitions of Healthy Pharms, NECC, and Arkansas entities as follows: 

Subsidiary	Terms	March 31, 2022		December 31, 2021
Healthy Pharms Inc.	Unsecured convertible note, due November 18, 2021 at 12% per annum	$	—	$	2,784
Healthy Pharms Inc.	Unsecured promissory note at $0.50 per share due December 18, 2022 at 10% per annum (1)		3,294		3,213
NECC	Promissory note due July 28, 2022 at 10% per annum		2,000		—
Arkansas Entities	Unsecured Promissory note, monthly interest payments at 14% per annum		1,709		1,709
Equipment Loans	Secured by equipment, monthly payments beginning in 2021 at 15% per annum		—		49
Other	Various		91		151
Total Notes Payable and Convertible Notes		$	7,094	$	7,906

Summary of Future Minimum Payments of Notes and Convertible Notes

Future minimum payments on the notes payable and convertible debt are as follows:

	March 31, 2022
2022	$	6,935
2023		143
2024		65,280
2025		—
2026		—
Thereafter		—
Total minimum payments		72,358
Effect of discounting		(1,693	)
Present value of minimum payments		70,665
Less current portion		(5,385	)
Long-term portion	$	65,280