LONG-TERM DEBT (Tables)

6 Months Ended

Jun. 30, 2020

LONG-TERM DEBT

Schedule of outstanding indebtedness, at face value

	Face Value Debt		Stated Interest Rate	Maturity Date
Credit Facility	$	70,000,000	30-Day LIBOR + 1.35% - 1.95% (1)	November 2023
Total Debt/Weighted-Average Rate	$	70,000,000	1.74%

Effective April 30, 2020, the Company utilized an Interest Rate Swap to achieve a fixed interest rate of 0.48% plus the applicable spread on approximately $50 million of the outstanding balance on the Credit Facility.

Schedule of components of long-term debt

	June 30, 2020				December 31, 2019
	Total		Due Within One Year		Total		Due Within One Year
Credit Facility	$	70,000,000	$	—	$	—	$	—
Loan Costs, net of accumulated amortization		(492,536)		—		—		—
Total Long-Term Debt	$	69,507,464	$	—	$	—	$	—

Schedule of payments applicable to reduction of principal amounts

Year Ending December 31,	Amount
Remainder of 2020	$	—
2021		—
2022		—
2023		70,000,000
2024		—
2025 and thereafter		—
Total Long-Term Debt - Face Value	$	70,000,000

Schedule of interest expense on debt

	Three Months Ended				Six Months Ended
	June 30, 2020		June 30, 2019		June 30, 2020		June 30, 2019
	The Company ($000's)		Predecessor ($000's)		The Company ($000's)		Predecessor ($000's)
Interest Expense	$	299	$	—	$	504	$	—
Amortization of Loan Costs		44		—		88		—
Total Interest Expense	$	343	$	—	$	592	$	—
Total Interest Paid	$	337	$	—	$	501	$	—