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Notes Payable, Related Party Notes Payable and Finance Lease Obligations (Tables)

12 Months Ended

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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