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

Debt (Q1) (Tables)

v3.21.1
Debt (Q1) (Tables)
 3 Months Ended 12 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Debt Disclosure [Abstract]    
Components of debt
The components of the Company’s debt consist of the following (in thousands):

 
March 31, 2021
  
December 31, 2020
Dollars in thousands
  
Amount
    
Rate
  
Maturity
 Date
  
Amount
    
Rate
  
Maturity
 Date
Term loan, net
  
$
5,847
      
(1
)
1/6/2024
  
$
7,826
      
(2
)
1/15/2021
Line of credit, net
    
4,781
      
(1
)
1/6/2024
    
5,023
      
(3
)
7/5/2022
November 2019 notes payable, net (November 2019 Notes)
    
2,927
      
10.00
%
6/30/2023
    
2,830
      
10.00
%
6/30/2023
December 2019 senior notes payable, net (Senior Seller Notes)
    
10,679
      
10.00
%
6/30/2023
    
10,332
      
10.00
%
6/30/2023
December 2019 junior notes payable, net (Junior Seller Notes)
    
5,153
      
10.00
%
6/30/2023
    
4,973
      
10.00
%
6/30/2023
ABG Notes
    
702
      
10.00
%
6/30/2023
    
687
      
10.00
%
6/30/2023
June 2020 notes payable, net (June 2020 Notes)
    
148
      
10.00
%
6/30/2023
    
88
      
10.00
%
6/30/2023
Halo PPP Loan
    
431
      
1.00
%
5/3/2022
    
431
      
1.00
%
5/3/2022
TruPet PPP Loan
    
421
      
0.98
%
4/6/2022
    
421
      
0.98
%
4/6/2022
Total debt
    
31,089
                
32,611
               
Less current portion
    
943
                
8,016
               
Total long term debt
  
$
30,146
                 
$
24,595
               

(1)Interest at a variable rate of LIBOR plus 250 basis points with an interest rate floor of 2.50% per annum
(2)Interest at Bank of Montreal Prime plus 8.05%
(3)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 (in thousands):


  
December 31, 2020
    
December 31, 2019
  
   
Amount
    
Rate
    
Maturity
 Date
    
Amount
    
Rate
    
Maturity
 Date
  
Short term loan, net
  
$
7,826
      
(1
)
  
1/15/2021
    
$
16,061
      
(1
)
  
12/19/2020
  
Line of credit, net
    
5,023
      
(2
)
  
7/5/2022
      
4,819
      
(1
)
  
12/19/2020
  
November 2019 notes payable, net (November 2019 Notes)
    
2,830
      
10
%
  
6/30/2023
      
2,769
      
10
%
  
11/4/2021
  
December 2019 notes payable, net (Senior Seller Notes)
    
10,332
      
10
%
  
6/30/2023
      
9,191
      
10
%
  
6/30/2023
  
December 2019 notes payable, net (Junior Seller Notes)
    
4,973
      
10
%
  
6/30/2023
      
4,410
      
10
%
  
6/30/2023
  
ABG notes payable, net (ABG Notes)
    
687
      
10
%
  
6/30/2023
      
—
      
—
      
—
  
June 2020 notes payable, net (June 2020 Notes)
    
88
      
10
%
  
6/30/2023
      
—
      
—
      
—
  
Halo PPP Loan
    
431
      
1
%
  
5/3/2022
      
—
      
—
          
TruPet PPP Loan
    
421
      
.98
%
  
4/6/2022
      
—
      
—
      
—
  
Total debt
    
32,611
                      
37,250
                  
Less current portion
    
8,016
                      
20,880
                  
Total long term debt
  
$
24,595
                    
$
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 and interest rate floor of 3.25% per annum