Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.20.2
Debt (Tables)
 9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
Components of Debt
The components of the Company’s debt consist of the following:
Dollars in thousands September 30, 2020 December 31, 2019
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