Annual report pursuant to Section 13 and 15(d)

Long Term Debt (Tables)

v3.22.1
Long Term Debt (Tables)
12 Months Ended
Dec. 31, 2021
Line of Credit Facility [Abstract]  
Schedule of long-term debt

Convertible notes (at fair value)

  $ 17,305,000  
Less: current maturities     13,200,000
Total long-term debt, less current portion   $ 4,105,000  
Schedule of maturities of outstanding long-term debt obligations in subsequent years

Year ending December 31:

       

  2022

  $ 13,200,000  

  2023

    6,800,000  
 Aggregate maturities  
20,000,000  
Original issue discount on Convertible Notes

(2,000,000 )
Unrealized change in fair value of Convertible Note

(695,000 )
Total debt outstanding as of December 31, 2021
$ 17,305,000
Current portion

13,200,000
Noncurrent portion

4,105,000