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Notes Payable and Other Long-Term Liabilities, Net (Tables)

3 Months Ended

Mar. 31, 2021

Debt Disclosure [Abstract]

Schedule of Debt Obligations

Our debt obligations are as follows:

				March 31,				December 31,
		Interest Rate (1)		2021				2020
				(Unaudited)
Monroe Term Loan (2)		9.75%		$	11,471,250			$	11,500,000
Green Remedies Promissory Note (3)		3.0%			2,577,457				2,684,250
BBVA ABL Facility (4)		3.0%			3,624,210				4,299,333
Total notes payable					17,672,917				18,483,583
Less: Current portion of long-term debt					(624,383	)			(624,383	)
Less: Unamortized debt issuance costs					(1,581,811	)			(1,670,529	)
Less: Unamortized OID					(468,631	)			(494,343	)
Less: Unamortized OID warrant					(697,792	)			(745,703	)
Notes payable, net				$	14,300,300			$	14,948,625
(1) Interest rates as of March 31, 2021
(2) Bears interest at LIBOR rate plus Applicable Margin ranging from 7.5%-10.5%
(3) Stated interest rate of 3.0%, discounted cash flow rate of 13%
(4) Bears interest at a Base rate, as defined, plus a margin of 0.75% to 1.25%

Schedule of Changes in Debt Issuance Costs

The table below summarizes changes in debt issuance costs.

				March 31,
				2021
				(Unaudited)
Debt issuance costs
Beginning balance				$	1,670,529
Less: Amortization expense					(88,718	)
Debt issuance costs, net of accumulated amortization				$	1,581,811

Schedule of Other Long-Term Liabilities, Net

Other long-term liabilities, net

				March 31,				December 31,
				2021				2020
				(Unaudited)
Deferred seller consideration, net				$	1,035,309			$	986,028
Deferred consideration - earn-out					440,000				440,000
Operating lease liability					373,706				543,564
Other					4,167				4,167
				$	1,853,182			$	1,973,759