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%