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Notes Payable, Related Party Notes Payable and Finance Lease Obligations (Tables) | 12 Months Ended
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Dec. 31, 2020
Notes and Loans Payable [Abstract] |
Schedule of notes payable, related party notes payable and finance lease obligations |
|  | December 31, |  |  | December 31, |
|  | 2020 |  |  | 2019 |
Revolving credit note payable to Sterling National Bank ("SNB") |  | $ | 15,649,000 |  |  | $ | 12,543,000 |
Term loan, SNB |  |  | 5,558,000 |  |  |  | 3,800,000 |
Finance lease obligations |  |  | 6,000 |  |  |  | 22,000 |
Loans Payable - financed assets |  |  | 48,000 |  |  |  | 385,000 |
Related party notes payable, net of debt discount |  |  | 6,012,000 |  |  |  | 6,862,000 |
Convertible notes payable-third parties, net of debt discount |  |  | - |  |  |  | 2,338,000 |
Subtotal |  |  | 27,273,000 |  |  |  | 25,950,000 |
Less: Current portion of notes payable, related party notes payable and finance lease obligations |  |  | (16,475,000 | ) |  |  | (22,544,000 | )
Notes payable, related party notes payable and finance lease obligations, net of current portion |  | $ | 10,798,000 |  |  | $ | 3,406,000 |
Schedule of payments for the term note |
For the year ending |  | Amount |
December 31, 2021 |  | $ | 812,000 |
December 31, 2022 |  |  | 4,805,000 |
SNB Term Loans payable |  |  | 5,617,000 |
Less: debt issuance costs |  |  | (59,000 | )
Total SNB Term loan payable, net of debt issuance costs |  |  | 5,558,000 |
Less: Current portion of SNB term loan payable |  |  | 812,000 |
Total long-term portion of SNB term loan payable |  | $ | 4,746,000 |
Schedule of SBA Loans future minimum loan payments |
For the year ending |  | Amount |
December 31, 2021 |  | $ | 9,000 |
December 31, 2022 |  |  | 9,000 |
December 31, 2023 |  |  | 9,000 |
December 31, 2024 |  |  | 9,000 |
December 31, 2025 |  |  | 9,000 |
Thereafter |  |  | 3,000 |
Loans Payable - financed assets |  |  | 48,000 |
Less: Current portion |  |  | 9,000 |
Long-term portion |  | $ | 39,000 |
Schedule of subordinated principal balance of the notes |
|  | Michael Taglich, Chairman |  |  | Robert Taglich, Director |  |  | Taglich Brothers Inc. |  |  | Total |
Convertible Subordinated Notes |  | $ | 2,666,000 |  |  | $ | 1,905,000 |  |  | $ | 241,000 |  |  | $ | 4,812,000 |
Subordinated notes |  |  | 1,250,000 |  |  |  | 350,000 |  |  |  | - |  |  |  | 1,600,000 |
Total |  | $ | 3,916,000 |  |  | $ | 2,255,000 |  |  | $ | 241,000 |  |  | $ | 6,412,000 |

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