XML 32 R20.htm IDEA: XBRL DOCUMENT
v3.21.2

NOTES PAYABLE (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2021
Debt Disclosure [Abstract] |
Schedule of Debt [Table Text Block] | The following table summarizes our outstanding debt as of the dates indicated (in thousands):
| Maturity |  | Cash Interest Rate |  | September 30, 2021 |  | December 31, 2020
Subordinated Notes Payable – Acquisitions(1) | 7/1/2021 – 9/30/2026 |  | 2.00% - 3.00% |  | $ | 8,231 |  |  | $ | 6,182 |
PPP Loan | 6/30/2021 |  | 1.00% |  | — |  |  | 8,856 |
Term Loan | 12/31/2024 |  | 5.25% |  | — |  |  | 9,875 |
Senior Credit Facility | 10/1/2025 |  | 9.00% |  | 30,090 |  |  | — |
Total Notes Payable |  |  |  |  | $ | 38,321 |  |  | $ | 24,913 |
(1)See Note 4 — Goodwill and Intangible Assets for further discussion regarding the notes payable related to acquisitions. The following table summarizes the debt issuance costs as of the dates indicated (in thousands):
| Gross Notes Payable |  | Debt Issuance Costs and Debt Discount |  | Net Notes Payable
September 30, 2021 |  |  |  |  |
Current portion of notes payable | $ | 2,132 |  |  | $ | (218) |  |  | $ | 1,914 |
Notes payable, net of current portion | 36,189 |  |  | (3,389) |  |  | 32,800 |
Total | $ | 38,321 |  |  | $ | (3,607) |  |  | $ | 34,714 |
December 31, 2020 |  |  |  |  |
Current portion of notes payable | $ | 12,388 |  |  | $ | (78) |  |  | $ | 12,310 |
Notes payable, net of current portion | 12,525 |  |  | (300) |  |  | 12,225 |
Total | $ | 24,913 |  |  | $ | (378) |  |  | $ | 24,535 |
Schedule of Maturities of Long-term Debt [Table Text Block] | The following table summarizes the future principal payments related to our outstanding debt as of September 30, 2021 (in thousands):
2021 (three months) | $ | — |
2022 | 2,132 |
2023 | 4,405 |
2024 | 6,623 |
2025 | 23,151 |
2026 | 2,010 |
Total | $ | 38,321 |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration