Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.21.2
Debt (Tables)
 9 Months Ended
Sep. 30, 2021
Debt Disclosure [Abstract]  
Components of debt
The components of the Company’s debt consist of the following (in thousands):
Dollars in thousands September 30, 2021 December 31, 2020
Amount Rate Maturity
Date		 Amount Rate Maturity
Date
Term loan, net $ 5,559  (1) 1/6/2024 $ 7,826  (2) 1/15/2021
Line of credit, net 4,846  (1) 1/6/2024 5,023  (3) 7/5/2022
November 2019 notes payable, net (November 2019 Notes) —  —  % (4) 2,830  10  % 6/30/2023
December 2019 senior notes payable, net (Senior Seller Notes) —  —  % (4) 10,332  10  % 6/30/2023
December 2019 junior notes payable, net (Junior Seller Notes) —  —  % (4) 4,973  10  % 6/30/2023
ABG Notes —  —  % (4) 687  10  % 6/30/2023
June 2020 notes payable, net (June 2020 Notes) —  —  % (4) 88  10  % 6/30/2023
Halo PPP Loan —  —  % (4) 431  1  % 5/3/2022
TruPet PPP Loan —  —  % (4) 421  0.98  % 4/6/2022
Total debt 10,405  32,611 
Less current portion 780  8,016 
Total long term debt $ 9,625  $ 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
(4)Converted to common stock upon commencement of the trading of the Company's common stock on the NYSE on June 29, 2021. See "Note 1 - Nature of business and summary of significant accounting policies" for additional information.