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Debt (Tables)

9 Months Ended

Sep. 30, 2022

Debt [Abstract]

Schedule of notes payable, related party notes payable and finance lease obligations

		September 30,				December 31,
		2022				2021
Revolving loan payable to Webster Bank (F/K/A Sterling National Bank) (“Webster”)		$	14,097,000			$	12,456,000
Term loan, Webster			4,691,000				4,192,000
Finance lease obligations			-				263,000
Loans Payable - financed assets			34,000				39,000
Related party subordinated notes payable			6,162,000				6,412,000
Subtotal			24,984,000				23,362,000
Less: Current portion			(14,820,000	)			(14,112,000	)
Long Term Portion		$	10,164,000			$	9,250,000

Schedule of payments due under the term loan

For the period ending		Amount
December 31, 2022 (remainder of the year)		$	178,000
December 31, 2023			714,000
December 31, 2024			714,000
December 31, 2025			3,156,000
Webster Term Loan payable			4,762,000
Less: debt issuance costs			(71,000	)
Total Webster Term Loan payable, net of debt issuance costs			4,691,000
Less: Current portion of Webster Term Loan payable			(714,000	)
Total long-term portion of Webster Term Loan payable		$	3,977,000

Schedule of future minimum loan payments

For the period ending		Amount
December 31, 2022 (remainder of the year)		$	2,000
December 31, 2023			9,000
December 31, 2024			9,000
December 31, 2025			9,000
December 31, 2026			4,000
Loans Payable - financed assets			33,000
Less: Current portion			(9,000	)
Long-term portion		$	24,000

Schedule of note holders and the principal balance

		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			1,000,000				350,000				-				1,350,000
Total		$	3,666,000			$	2,255,000			$	241,000			$	6,162,000

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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