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Long-term Debt

12 Months Ended

Dec. 31, 2020

(11)

Long-term Debt

Long-term debt consists of the following:

	December 31,
	2020		2019
$15.0 million payable in 14 equal annual installments of $1.1 million beginning in January 2020 including interest imputed at 4.1% per annum	$	11,208	$	11,806
$13.4 million term loan amended such that the loan was repaid in February 2021 plus interest at 0.85% per annum		13,498		—
$111.0 million 5-year term loan payable in 20 equal quarterly installments plus interest at 1.2% per annum		—		11,254
		24,706		23,060
Less current maturities		14,570		12,326
Total	$	10,136	$	10,734

In June 2020, in connection with the acquisition of 25% of Divabox’s capital, the Company entered into a $13.4 million term loan, which has been amended such that the loan was repaid in full in February 2021, bearing interest at 0.85%. This loan requires the maintenance of certain financial covenants, tested annually, including a maximum coverage ratio. The Company is in compliance with all the covenants of the loan agreement. Maturities of long-term debt subsequent to December 31, 2020 are approximately $14.6 million in 2020 and $1.1 million per year thereafter through 2033.