Debt (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of aggregate principal amount of outstanding notes payable and the interest rates

The Company’s aggregate principal amount (in thousands) of outstanding notes payable and the interest rates and monthly payments as of December 31, 2019 and 2018 are as follows:



	December 31, 2019		December 31, 2018
Notes payable to commercial banks
Aggregate principal amount outstanding	$	—	$	5,975
Interest rate		—		5.00%


	December 31, 2019		December 31, 2018
Notes payable to finance company for insurance
Aggregate principal amount outstanding	$	1,746	$	1,680
Interest rate		4.05% - 4.99%		3.80%

Schedule of future minimum lease payments

The Company’s aggregate maturities of finance leases (in thousands) at December 31, 2019 are as follows:


January 2020 - December 2020	$	2,316
January 2021 - December 2021		53
January 2022 - December 2022		36
January 2023 - December 2023		7
Finance lease obligations	$	2,412

- 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.

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+ Details