Debt (Tables)

9 Months Ended

Sep. 30, 2020

A summary of the Company’s revolving credit facilities, related party notes, and Paycheck Protection Program notes are as follows (in thousands):


	September 30, 2020				December 31, 2019
	Amount		Weighted-Average Interest Rate		Amount		Weighted-Average Interest Rate
Revolving Credit Facility - Gerber KBS	$	46	6.00	%	$	1,111	7.50	%
Revolving Credit Facility - Premier	—		—	%	2,925		6.25	%
Total Short Term Revolving Credit Facility	$	46	6.00	%	$	4,036	6.59	%
Revolving Credit Facility - SNB	$	10,849	2.65	%	$	17,038	4.26	%
Revolving Credit Facility - Gerber EBGL	1,257		6.00	%	—		—	%
Total Long Term Revolving Credit Facility	$	12,106	3.00	%	$	17,038	4.26	%
LSV Co-Invest I Promissory Note (“January Note”)	$	668	12.00	%	$	595	12.00	%
LSV Co-Invest I Promissory Note (“June Note”)	1,150		12.00	%	1,023		12.00	%
LSVM Note	337		12.00	%	302		12.00	%
Total Notes Payable To Related Parties	$	2,155	12.00	%	$	1,920	12.00	%
Short Term Paycheck Protection Program Notes	$	3,625	1.00	%	$	—	—	%
Long Term Paycheck Protection Program Notes	3,023		1.00	%	—		—	%
Total Paycheck Protection Program Notes	$	6,648	1.00	%	$	—	—	%

Summary of Long-Term Debt

A summary of the Company’s revolving credit facilities, related party notes, and Paycheck Protection Program notes are as follows (in thousands):


	September 30, 2020				December 31, 2019
	Amount		Weighted-Average Interest Rate		Amount		Weighted-Average Interest Rate
Revolving Credit Facility - Gerber KBS	$	46	6.00	%	$	1,111	7.50	%
Revolving Credit Facility - Premier	—		—	%	2,925		6.25	%
Total Short Term Revolving Credit Facility	$	46	6.00	%	$	4,036	6.59	%
Revolving Credit Facility - SNB	$	10,849	2.65	%	$	17,038	4.26	%
Revolving Credit Facility - Gerber EBGL	1,257		6.00	%	—		—	%
Total Long Term Revolving Credit Facility	$	12,106	3.00	%	$	17,038	4.26	%
LSV Co-Invest I Promissory Note (“January Note”)	$	668	12.00	%	$	595	12.00	%
LSV Co-Invest I Promissory Note (“June Note”)	1,150		12.00	%	1,023		12.00	%
LSVM Note	337		12.00	%	302		12.00	%
Total Notes Payable To Related Parties	$	2,155	12.00	%	$	1,920	12.00	%
Short Term Paycheck Protection Program Notes	$	3,625	1.00	%	$	—	—	%
Long Term Paycheck Protection Program Notes	3,023		1.00	%	—		—	%
Total Paycheck Protection Program Notes	$	6,648	1.00	%	$	—	—	%

The following table presents the Star and Premier term loans balance net of unamortized debt issuance costs as of September 30, 2020 (in thousands):


	September 30, 2020
	Amount
Gerber - Star Term Loan	$	1,900
Premier - Term Loan	819
Total Principal	2,719
Unamortized debt issuance costs	(363)
Total	$	2,356

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details