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

9 Months Ended

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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