General form of registration statement for all companies including face-amount certificate companies

Debt (Q3) (Tables)

v3.20.4
Debt (Q3) (Tables)
 9 Months Ended 12 Months Ended
Sep. 30, 2020
Dec. 31, 2019
Line of credit, short term loan and notes payable [Abstract]    
Components of Debt

Note 10 - Debt

The components of the Company’s debt consist of the following:

 
September 30, 2020
  
December 31, 2019
  
Dollars in thousands
  
Amount
    
Rate
  
Maturity
Date
  
Amount
    
Rate
    
Maturity
Date
  
Short term loan, net
  
$
19,369
      
(1
)
12/19/2020
  
$
16,061
      
(1
)
  
12/19/2020
  
Line of credit, net
    
5,048
      
(2
)
7/5/2022
    
4,819
      
(1
)
  
12/19/2020
  
                                         
November 2019 notes payable, net (November 2019 Notes)
    
2,736
      
10
%
6/30/2023
    
2,769
      
10
%
  
11/4/2021
  
December 2019 senior notes payable, net (Seller Notes)
    
9,993
      
10
%
6/30/2023
    
9,191
      
10
%
  
6/30/2023
  
December 2019 junior notes payable, net (Seller Notes)
    
4,797
      
10
%
6/30/2023
    
4,410
      
10
%
  
6/30/2023
  
ABG Notes
    
674
      
10
%
6/30/2023
    
—
      
—
      
—
  
June 2020 notes payable, net (June 2020 Notes)
    
40
      
10
%
6/30/2023
    
—
      
—
      
—
  
Halo PPP Loan
    
431
      
1
%
5/3/2022
    
—
      
—
          
TruPet PPP Loan
    
421
      
.98
%
4/6/2022
    
—
      
—
      
—
  
Total debt
    
43,509
                
37,250
                  
Less current portion
    
19,827
                
20,880
                  
Total long term debt
  
$
23,682
                 
$
16,370
                  
(1)Interest at Bank of Montreal Prime plus 8.05%
(2)Interest at a variable rate of LIBOR plus 250 basis points with an interest rate floor of 3.25% per annum
The components of the Company’s debt consist of the following:
 
   
December 31, 2019
  
December 31, 2018
   
Amount
    
Rate
  
Maturity
Date
  
Amount
    
Rate
  
Maturity
Date
Note payable (due to related parties)
  
$
-
             
$
1,600
      
26.6%

May 6, 2019
Short term loan, net
    
16,061
      
(2)
December 19, 2020
                     
Lines of credit, net
    
4,819
      
(2)


December 19, 2020
    
4,600
      
(1)
May 6, 2019
                                             
November 2019 notes payable, net (November 2019 Notes)
    
2,769
      
10.0%

November 4, 2021
                     
December 2019 senior notes payable, net (Seller Notes)
    
9,191
      
10.0%

June 30, 2023
    
-
             
December 2019 junior notes payable, net (Seller Notes)
    
4,410
      
10.0%

June 30, 2023
                     
Total debt
    
37,250
                
6,200
             

(1)
Interest at LIBOR plus 3%

(2)
Interest at Bank of Montreal Prime plus 8.05%