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Debt (Tables)

9 Months Ended

Sep. 30, 2021

Debt Disclosure [Abstract]

Net Carrying Amount of Debt

The Company’s net carrying amount of debt was comprised of the following:

​

​	​	​	​	​	​	​	​
​	​	September 30,		​	December 31,		​
($ in thousands)		2021			2020		​
Term loan debt	​	$	23,750	​	$	16,750	​
Unamortized deferred finance costs related to term loan debt	​		(1,017)	​		(112)	​
Revolving loan debt	​	​	2,498	​	​	—	​
Total	​		25,231	​		16,638	​
Current portion of debt (i)	​		4,998	​		2,800	​
Long-term debt	​	$	20,233	​	$	13,838	​

​

(i) The current portion of debt as of September 30, 2021 consists of $2.5 million of term loan debt and $2.5 million of revolving loan debt; the current portion of debt as of December 31, 2020 is related solely to term loan debt.

Maturities of Long-term Debt

The aggregate remaining annual scheduled principal payments under the Term Loans at September 30, 2021 were as follows:

​

​	​	​	​
​	​	Amount of
($ in thousands)		Principal
Year Ending December 31,		Payment
2021 (October 1 to December 31)	​	$	625
2022	​		2,500
2023	​	​	2,500
2024	​	​	2,500
2025	​		15,625
Total	​	$	23,750

Schedule of minimum EBITDA

​

​	​	​	​
Fiscal Period		Minimum EBITDA
April 1, 2021 to September 30, 2021	​	$	2,200,000
April 1, 2021 to December 31, 2021	​	$	3,426,000
April 1, 2021 to March 31, 2022	​	$	4,515,000
July 1, 2021 to June 30, 2022	​	$	5,146,000
October 1, 2021 to September 30, 2022	​	$	6,500,000
For the trailing twelve month periods ending December 31, 2022, March 31, 2023, June 30, 2023, and September 30, 2023	​	$	7,000,000
For the trailing twelve month periods ending December 31, 2023, March 31, 2024, June 30, 2024, September 30, 2024, December 31, 2024, and March 31, 2025	​	$	7,500,000

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Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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Tabular disclosure of maturity and sinking fund requirement for long-term debt.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601

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