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Debt (Tables) | 12 Months Ended
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Dec. 31, 2022
Debt [Abstract] |
Schedule of debt |
|  | December 31, |  |  | December 31, |
|  | 2022 |  |  | 2021 |
Revolving loan to Webster Bank (“Webster”) |  | $ | 13,352,000 |  |  | $ | 12,456,000 |
Term loan, Webster |  |  | 5,396,000 |  |  |  | 4,192,000 |
Finance lease obligations |  |  | 328,000 |  |  |  | 263,000 |
Loans payable - financed assets |  |  | 30,000 |  |  |  | 39,000 |
Related party notes payable |  |  | 6,162,000 |  |  |  | 6,412,000 |
Subtotal |  |  | 25,268,000 |  |  |  | 23,362,000 |
Less: Current portion |  |  | (14,477,000 | ) |  |  | (14,112,000 | )
Long Term Portion |  | $ | 10,791,000 |  |  | $ | 9,250,000 |
Schedule of payments due under the term loan |
For the year ending |  | Amount |
December 31, 2023 |  | $ | 1,037,000 |
December 31, 2024 |  |  | 840,000 |
December 31, 2025 |  |  | 3,584,000 |
Webster Term Loan payable |  |  | 5,461,000 |
Less: debt issuance costs |  |  | (65,000 | )
Total Webster Term Loan payable, net of debt issuance costs |  |  | 5,396,000 |
Less: Current portion of Webster Term Loan payable |  |  | (1,037,000 | )
Total long-term portion of Webster Term Loan payable |  | $ | 4,359,000 |
Schedule of finance lease paid |
|  | Year Ended |  |  | Year Ended |
|  | December 31, |  |  | December 31, |
|  | 2022 |  |  | 2021 |
Finance Lease cost: |  |  |  |  |  |
Amortization of ROU assets |  | $ | - |  |  | $ | 36,000 |
Interest on lease liabilities |  |  | 2,182 |  |  |  | - |
Total Lease Costs |  | $ | 2,182 |  |  | $ | 36,000 |
Other Information: |  |  |  |  |  |  |  |
Cash Paid for amounts included in the measurement lease liabilities: |  |  |  |  |  |  |  |
Financing cash flow from finance lease obligations |  | $ | 284,000 |  |  | $ | 5,000 |
Supplemental disclosure of non-cash activity |  |  |  |  |  |  |  |
Acquisition of finance lease ROU asset |  | $ | 350,000 |  |  | $ | - |
Schedule of components of lease term and discount rate |
|  | December 31, |  |  | December 31, |
|  | 2022 |  |  | 2021 |
Weighted Average Remaining Lease Term - in years |  |  | 3.9 |  |  |  | 5.0 |
Weighted Average Discount rate - % |  |  | 7.48 | % |  |  | 4.20 | %
Schedule of aggregate future minimum finance lease payment |
For the year ending |  | Amount |
December 31, 2023 |  | $ | 100,000 |
December 31, 2024 |  |  | 100,000 |
December 31, 2025 |  |  | 100,000 |
December 31, 2026 |  |  | 77,000 |
Total future minimum finance lease payments |  |  | 377,000 |
Less: imputed interest |  |  | (49,000 | )
Less: Current portion |  |  | (79,000 | )
Long-term portion |  | $ | 249,000 |
For the year ending |  | Amount |
December 31, 2023 |  | $ | 9,000 |
December 31, 2024 |  |  | 9,000 |
December 31, 2025 |  |  | 9,000 |
December 31, 2026 |  |  | 3,000 |
Loans Payable - financed assets |  |  | 30,000 |
Less: Current portion |  |  | (9,000 | )
Long-term portion |  | $ | 21,000 |
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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