LINE OF CREDIT AND LONG-TERM DEBT (Tables)

9 Months Ended

Sep. 30, 2021

The Company's outstanding debt facilities as of September 30, 2021 and December 31, 2020 are summarized as follows:


Creditor	Loan Type	Origination Date	Maturity Date	Loan Amount		Balance on September 30, 2021		Balance on December 31, 2020
Encina Business Credit, LLC	Term Loan	February 1, 2017	February 1, 2022	$	20,000,000	$	9,758,000	$	5,433,000
Encina Business Credit SPV, LLC	Revolving Note	February 1, 2017	February 1, 2022	$	10,000,000	—		133,446
Encina Business Credit, LLC	Capex Loan	August 7, 2020	February 1, 2022	$	2,000,000	1,102,170		1,378,819
Wells Fargo Equipment Lease-Ohio	Finance Lease	April-May, 2019	April-May, 2024	$	621,000	346,321		436,411


John Deere Note	Note	May 27, 2020	June 24, 2024	$	152,643	103,414		131,303

Loan-Leverage Lubricants	SBA Loan	July 18, 2020	July 18, 2050	$	58,700	58,700		—
Well Fargo Equipment Lease-VRM LA	Finance Lease	March, 2018	March, 2021	$	30,408	—		1,804
Texas Citizens Bank	PPP Loan	May 5, 2020	April 28, 2022	$	4,222,000	—		4,222,000
Various institutions	Insurance premiums financed	Various	< 1 year	$	2,902,428	3,562,608		1,183,543
Total						$	14,931,213	$	12,920,326
Deferred finance costs						(62,500)		—
Total, net of deferred finance costs						$	14,868,713	$	12,920,326

Future contractual maturities of notes payable as of September 30, 2021 are summarized as follows:


Creditor	Year 1		Year 2		Year 3		Year 4		Year 5		Thereafter
Encina Business Credit, LLC	$	9,758,000	$	—	$	—	$	—	$	—	$	—

Encina Business Credit, LLC	1,102,170		—		—		—		—		—
John Deere Note	37,991		38,933		26,490		—		—		—
Well Fargo Equipment Lease- Ohio	346,321		—		—		—		—		—



Loan-Leverage Lubricants	—		683		1,290		1,340		1,391		53,996

Various institutions	3,562,608		—		—		—		—		—
Totals	$	14,807,090	$	39,616	$	27,780	$	1,340	$	1,391	$	53,996
Deferred finance costs, net	(62,500)		—		—		—		—		—
Totals, net of deferred finance costs	$	14,744,590	$	39,616	$	27,780	$	1,340	$	1,391	$	53,996