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Notes Payable, Related Party Notes Payable and Finance Lease Obligations (Tables) | 9 Months Ended
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Sep. 30, 2021
Debt Disclosure [Abstract] |
Schedule of notes payable, related party notes payable and finance lease obligations |
|  | September 30, |  |  | December 31, |
|  | 2021 |  |  | 2020 |
Revolving credit note payable to Sterling National Bank ("SNB") |  | $ | 13,463,000 |  |  | $ | 15,649,000 |
Term loan, SNB |  |  | 4,411,000 |  |  |  | 5,558,000 |
Finance lease obligations |  |  | 2,000 |  |  |  | 6,000 |
Loans Payable - financed assets |  |  | 41,000 |  |  |  | 48,000 |
Related party notes payable, net of debt discount |  |  | 6,412,000 |  |  |  | 6,012,000 |
Subtotal |  |  | 24,329,000 |  |  |  | 27,273,000 |
Less: Current portion of notes payable, related party notes payable and finance lease obligations |  |  | (14,285,000 | ) |  |  | (16,475,000 | )
Notes payable, related party notes payable and finance lease obligations, |  |  |  |  |  |  |  |
net of current portion |  | $ | 10,044,000 |  |  | $ | 10,798,000 |
Schedule of payments for the term note |
For the twelve months ending |  | Amount |
December 31, 2021 (remainder of the year) |  | $ | 203,000 |
December 31, 2022 |  |  | 4,247,000 |
SNB Term Loan payable |  |  | 4,450,000 |
Less: debt issuance costs |  |  | (39,000 | )
Total SNB Term Loan payable, net of debt issuance costs |  |  | 4,411,000 |
Less: Current portion of SNB Term Loan payable |  |  | (812,000 | )
Total long-term portion of SNB Term Loan payable |  | $ | 3,599,000 |
Schedule of SBA Loans future minimum loan payments |
For the twelve months ending |  | Amount |
December 31, 2021 (remainder of the year) |  | $ | 2,000 |
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 |  |  | 41,000 |
Less: Current portion |  |  | (9,000 | )
Long-term portion |  | $ | 32,000 |
Schedule of subordinated principal balance of the notes |
|  | Michael Taglich, |  |  | Robert Taglich, |  |  | Taglich Brothers, |  |  |  |
|  | Chairman |  |  | Director |  |  | 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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