XML 54 R44.htm IDEA: XBRL DOCUMENT v3.22.2
Debt - Additional Information (Details)
1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Dec. 14, 2020
USD ($)
$ / shares
shares
Oct. 20, 2020
$ / shares
Apr. 15, 2020
USD ($)
Sep. 16, 2019
USD ($)
Warrant
$ / shares
shares
Oct. 31, 2020
USD ($)
Warrant
$ / shares
shares
Mar. 31, 2020
USD ($)
$ / shares
shares
Feb. 29, 2020
USD ($)
$ / shares
shares
Jun. 30, 2021
USD ($)
$ / shares
shares
Jun. 30, 2020
USD ($)
Mar. 31, 2020
USD ($)
$ / shares
shares
Jun. 30, 2021
USD ($)
Tractor
$ / shares
shares
Jun. 30, 2020
USD ($)
Dec. 31, 2020
USD ($)
$ / shares
shares
Mar. 31, 2021
shares
Jan. 01, 2021
$ / shares
shares
Oct. 19, 2020
$ / shares
Mar. 27, 2020
$ / shares
shares
Oct. 31, 2019
USD ($)
Oct. 15, 2019
$ / shares
shares
Debt Instrument [Line Items]                                      
Additional warrants to be issued | shares                         1,000,000            
Common stock, shares issued | shares               12,972,815     12,972,815   12,972,815            
Warrants to purchase shares of common stock price per share | $ / shares                         $ 0.01            
Warrants, exercise price | $ / shares   $ 0.01                     $ 0.01     $ 2.50      
Gain (loss) on extinguishment of debt               $ 256,000 $ 30,000   $ 790,000 $ (10,056,000)              
Obtained additional term loan commitments                     3,658,000 10,000,000              
CNG Tractors [Member]                                      
Debt Instrument [Line Items]                                      
Common stock, shares issued | shares                                     1,174,800
Warrants, exercise price | $ / shares                                     $ 2.50
Antara Capital [Member]                                      
Debt Instrument [Line Items]                                      
Gain (loss) on extinguishment of debt                       (10,100,000)              
Paycheck Protection Program Loan, CARES Act [Member]                                      
Debt Instrument [Line Items]                                      
Principal amount                 $ 10,000,000.0     $ 10,000,000.0              
Paycheck Protection Program Loan, CARES Act [Member] | BOKF, N.A. [Member]                                      
Debt Instrument [Line Items]                                      
Principal amount     $ 10,000,000.0                                
Interest rate     1.00%                                
Maturity date     Apr. 15, 2022                                
Debt instrument, frequency of periodic payment     monthly                                
Debt instrument prepayment penalties     $ 0                                
Period for loan amount and accrued interest eligible for forgiveness     56 days                                
Main Street Loan [Member]                                      
Debt Instrument [Line Items]                                      
Minimum obligation to be repaid                         $ 25,000,000.0            
Main Street Loan [Member] | Commerce Bank of Arizona, Inc [Member]                                      
Debt Instrument [Line Items]                                      
Interest rate 3.00%                                    
Maturity date Dec. 14, 2025                                    
Debt instrument, frequency of periodic payment quarterly                                    
Debt instrument term 5 years                                    
Interest rate, terms (i) 3% percent per year plus (ii) the rates per year quoted by Bank as Bank’s three month LIBOR rate based upon quotes of the London Interbank Offered Rate, as quoted for U.S. Dollars by Bloomberg, or other comparable services selected by the Bank (the “LIBOR Index”). Such interest rate will change once every third month on the fifth day of the month and will be the LIBOR Index on the day which is two banking days prior to the date the change becomes effective.                                    
Date of first interest payment Mar. 14, 2022                                    
Unpaid interest as percentage on outstanding principal balance 15.00%                                    
Danny Cuzick [Member]                                      
Debt Instrument [Line Items]                                      
Warrants, exercise price | $ / shares                                 $ 2.50    
Danny Cuzick [Member] | Main Street Loan [Member]                                      
Debt Instrument [Line Items]                                      
Percentage of ownership interest contribution 100.00%                                    
Amount of indemnification for guaranty of certain obligations $ 500,000                                    
Warrants to purchase common stock | shares 1,000,000                       1,000,000            
Warrants to purchase shares of common stock price per share | $ / shares $ 0.01                                    
Maximum [Member] | Antara Capital [Member]                                      
Debt Instrument [Line Items]                                      
Class of warrant to purchase number of common stock | shares           3,250,000       3,250,000                  
Maximum [Member] | Main Street Loan [Member] | Commerce Bank of Arizona, Inc [Member]                                      
Debt Instrument [Line Items]                                      
Principal amount $ 17,000,000.0                                    
Maximum [Member] | Danny Cuzick [Member]                                      
Debt Instrument [Line Items]                                      
Warrants to purchase shares of common stock | shares                                 3,250,000    
Antara Warrants [Member]                                      
Debt Instrument [Line Items]                                      
Warrants, exercise price | $ / shares           $ 2.50       $ 2.50                  
Antara Capital Warrant [Member]                                      
Debt Instrument [Line Items]                                      
Warrants, exercise price | $ / shares         $ 0.01 $ 2.50 $ 2.50     $ 2.50                  
Antara Financing Agreement [Member]                                      
Debt Instrument [Line Items]                                      
Unamortized debt discount               $ 1,000,000.0     1,000,000.0   $ 2,000,000.0            
Antara Financing Agreement [Member] | Main Street Loan [Member]                                      
Debt Instrument [Line Items]                                      
Debt instrument prepayment penalties                     800,000                
Gain (loss) on extinguishment of debt                     $ 1,700,000                
Financing Agreement [Member] | Antara Warrants [Member]                                      
Debt Instrument [Line Items]                                      
Number of warrants issued | Warrant       2                              
Class of warrant to purchase number of common stock | shares       4,375,000                              
Conversion of stock, description                     Concurrently, and in connection with the Financing Agreement, the Company issued two warrants (the “$0.01 Warrant” and the “$2.50 Warrant” and collectively, the “Antara Warrants”) to Antara Capital to purchase an aggregate of 4,375,000 shares of common stock of the Company (the “Antara Warrant Shares”). The $0.01 Antara Warrant grants Antara Capital the right to purchase up to 3,350,000 Antara Warrant Shares at an exercise price of $0.01 per share and is exercisable for five years from the date of issuance. The $2.50 Antara Warrant grants Antara Capital the right to purchase up to 1,025,000 Antara Warrant Shares at an exercise price of $2.50 per share, subject to adjustment for certain distributions, stock splits, and issuances of common stock, and is exercisable for ten years from the date of issuance.                
Financing Agreement [Member] | Antara Warrants [Member] | Loadtrek [Member]                                      
Debt Instrument [Line Items]                                      
Class of warrant to purchase number of common stock | shares       1,500,000                              
Warrants, exercise price | $ / shares       $ 0.01                              
Financing Agreement [Member] | 0.01 Warrant [Member]                                      
Debt Instrument [Line Items]                                      
Warrants, exercise price | $ / shares       $ 0.01                              
Class of warrant or rights, exercisable term       5 years                              
Financing Agreement [Member] | 0.01 Warrant [Member] | Maximum [Member]                                      
Debt Instrument [Line Items]                                      
Class of warrant to purchase number of common stock | shares       3,350,000                              
Financing Agreement [Member] | 2.50 Warrant [Member]                                      
Debt Instrument [Line Items]                                      
Warrants, exercise price | $ / shares       $ 2.50                              
Class of warrant or rights, exercisable term       10 years                              
Financing Agreement [Member] | 2.50 Warrant [Member] | Maximum [Member]                                      
Debt Instrument [Line Items]                                      
Class of warrant to purchase number of common stock | shares       1,025,000                              
Incremental Amendment [Member] | Antara Capital Warrant [Member]                                      
Debt Instrument [Line Items]                                      
Class of warrant to purchase number of common stock | shares             3,650,000                        
Warrants, exercise price | $ / shares             $ 2.50                        
Class of warrant or rights, exercisable term             10 years                        
Warrants issued, description                     the Company issued a warrant (the “Antara Warrant 2020”) to Antara Capital to purchase 3,650,000 shares (the “Antara Warrant Shares 2020”) of the Company’s common stock at an exercise price of $2.50 per share, subject to adjustment for certain distributions, stock splits, and issuances of common stock, as an incentive. The issuance of this warrant results in an additional debt discount that is amortized to interest expense over the term of the debt using the effective interest method. The Antara Warrant 2020 is exercisable for ten years from the date of issuance. If the fair market value of the Antara Warrant Shares 2020 is greater than $2.50 at the end of the exercise period, then the Antara Warrant 2020 will be deemed to be exercised automatically and immediately prior to the end of the exercise period. Pursuant to the Antara Warrant 2020, the Company granted Antara Capital preemptive rights to purchase its pro rata share, determined based on the number of shares held by Antara Capital or into which warrants held by Antara Capital (including the Antara Warrant 2020) are exercisable, of capital stock issued by the Company after the issuance date of the Antara Warrant 2020, subject to certain excepted issuances.                
Incremental Amendment [Member] | Antara Capital Warrant [Member] | Minimum [Member]                                      
Debt Instrument [Line Items]                                      
Warrants, exercise price | $ / shares             $ 2.50                        
Omnibus Amendment [Member]                                      
Debt Instrument [Line Items]                                      
Common stock shares to be issued to lenders | shares                     1,174,800                
Additional warrants to be issued | shares               1,000,000     1,000,000                
Warrants to purchase number of common stock shares exchange rate   0.64%     0.64%                            
Common stock | shares         5,072,000                            
Common stock, shares issued | shares                           1,174,800          
Number of warrants issued | Warrant         500,000                            
Class of warrant to purchase number of common stock | shares         7,925,000     1,500,000     1,500,000       500,000        
Warrants, exercise price | $ / shares         $ 0.01     $ 2.50     $ 2.50       $ 0.01        
Class of warrant or rights, exercisable term                             10 years        
Omnibus Amendment [Member] | Main Street Loan [Member]                                      
Debt Instrument [Line Items]                                      
Minimum obligation to be repaid               $ 25,000,000.0     $ 25,000,000.0   $ 25,000,000.0            
Omnibus Amendment [Member] | Maximum [Member] | Paycheck Protection Program Loan [Member]                                      
Debt Instrument [Line Items]                                      
Principal amount         $ 10,000,000                            
Second Omnibus Amendment [Member]                                      
Debt Instrument [Line Items]                                      
Interest rate 12.00%                                    
Term loan payment description The Second Omnibus Amendment also removed or revised certain covenants contained in the Financing Agreement and prior amendments to the Financing Agreement, including the EBITDA-based financial covenant included in the Financing Agreement, and extended the maturity date of the term loans under the Financing Agreement to the date that is ninety-one days after the fifth anniversary of the closing date of the Main Street Loan or the date that is ninety-one days after the date of payment in full in cash of all obligations in respect of the Main Street Loan, whichever occurs first                                    
Interest paid in kind 14.50%                                    
Second Omnibus Amendment [Member] | Maximum [Member] | Main Street Loan [Member]                                      
Debt Instrument [Line Items]                                      
Principal amount $ 17,000,000.0                                    
EVO Equipment Leasing, LLC [Member] | Omnibus Amendment [Member] | CNG Tractors [Member]                                      
Debt Instrument [Line Items]                                      
Number of tractors to be acquired | Tractor                     89                
Term Loan [Member] | Antara Financing Agreement [Member]                                      
Debt Instrument [Line Items]                                      
Principal amount       $ 24,500,000       $ 17,400,000     $ 17,400,000                
Debt borrowed       $ 22,400,000                           $ 2,100,000  
Interest rate       12.00%       14.50%     14.50%                
Maturity date       Sep. 16, 2022                              
Term loan payment description                     The Term Loan may be prepaid at any time, subject to payment of a prepayment premium of (1) 7% for each early payment made or coming due on or prior to September 16, 2020, (2) after September 16, 2020, 5% for each early payment made or coming due on or prior to September 16, 2021, and (3) thereafter, no premium shall be due. Proceeds were to be used to (i) effect the Ritter acquisition, (ii) to refinance and retire existing indebtedness, and (iii) general working capital needs.                
Agreement, description                     the Company entered into a $24.5 million financing agreement (the “Financing Agreement”) among the Company, each subsidiary of the Company, various lenders from time to time party thereto, and Cortland Capital Market Services LLC, as administrative agent and collateral agent. Pursuant to the Financing Agreement, the Company initially borrowed $22.4 million and borrowed the remaining $2.1 million during October 2019 (the “Term Loan”).                
Unamortized debt discount               $ 9,000,000.0     $ 9,000,000.0                
Term Loan [Member] | Antara Financing Agreement [Member] | If Prepayment Made on or Prior to September 16, 2020 [Member]                                      
Debt Instrument [Line Items]                                      
Debt instrument, prepayment premium percentage                     7.00%                
Term Loan [Member] | Antara Financing Agreement [Member] | If Prepayment Made After September 16, 2020 But on or Prior to September 16, 2021 [Member]                                      
Debt Instrument [Line Items]                                      
Debt instrument, prepayment premium percentage                     5.00%                
Term Loan [Member] | Antara Financing Agreement [Member] | If Prepayment Made After September 16, 2021 [Member]                                      
Debt Instrument [Line Items]                                      
Debt instrument, prepayment premium percentage                     0.00%                
Incremental Term Loans [Member] | Incremental Amendment [Member]                                      
Debt Instrument [Line Items]                                      
Interest rate             12.00%                        
Term loan payment description             The Incremental Term Loans may be prepaid at any time, subject to payment of a prepayment premium equal to (i) 7% of each prepayment made on or prior to September 16, 2020, and (ii) 5% of each prepayment made after September 16, 2020, but on or prior to September 16, 2021, with no premium due after September 16, 2021.                        
Percentage of financing fee             2.00%                        
Reimbursement of expenses             $ 100,000                        
Financing fees, description             The Company paid a 2% financing fee in connection with its entry into the Incremental Amendment. The Company also reimbursed the Collateral Agent for $0.1 million of fees, costs, and expenses previously accrued under the Financing Agreement and in addition paid fees, costs, and expenses of the Collateral Agent and the lenders newly incurred in connection with the Incremental Amendment.                        
Incremental Term Loans [Member] | Incremental Amendment [Member] | Antara Capital [Member]                                      
Debt Instrument [Line Items]                                      
Debt borrowed             $ 3,200,000                        
Obtained additional term loan commitments             $ 3,200,000                        
Incremental Term Loans [Member] | Incremental Amendment [Member] | If Prepayment Made on or Prior to September 16, 2020 [Member]                                      
Debt Instrument [Line Items]                                      
Debt instrument, prepayment premium percentage             7.00%                        
Incremental Term Loans [Member] | Incremental Amendment [Member] | If Prepayment Made After September 16, 2020 But on or Prior to September 16, 2021 [Member]                                      
Debt Instrument [Line Items]                                      
Debt instrument, prepayment premium percentage             5.00%                        
Incremental Term Loans [Member] | Incremental Amendment [Member] | If Prepayment Made After September 16, 2021 [Member]                                      
Debt Instrument [Line Items]                                      
Debt instrument, prepayment premium percentage             0.00%                        
Second Incremental Term Loans [Member] | Second Incremental Amendment [Member]                                      
Debt Instrument [Line Items]                                      
Debt borrowed           $ 3,100,000       $ 3,100,000                  
Interest rate           12.00%       12.00%                  
Term loan payment description                   The Second Incremental Term Loans may be prepaid at any time, subject to payment of a prepayment premium equal to (i) 7% of each prepayment made on or prior to September 16, 2020 and (ii) 5% of each prepayment made after September 16, 2020 but on or prior to September 16, 2021, with no premium due after September 16, 2021.                  
Obtained additional term loan commitments           $ 3,100,000                          
Second Incremental Term Loans [Member] | Second Incremental Amendment [Member] | If Prepayment Made on or Prior to September 16, 2020 [Member]                                      
Debt Instrument [Line Items]                                      
Debt instrument, prepayment premium percentage           7.00%                          
Second Incremental Term Loans [Member] | Second Incremental Amendment [Member] | If Prepayment Made After September 16, 2020 But on or Prior to September 16, 2021 [Member]                                      
Debt Instrument [Line Items]                                      
Debt instrument, prepayment premium percentage           5.00%                          
Second Incremental Term Loans [Member] | Second Incremental Amendment [Member] | If Prepayment Made After September 16, 2021 [Member]                                      
Debt Instrument [Line Items]                                      
Debt instrument, prepayment premium percentage           0.00%