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Credit Facilities (Tables)
9 Months Ended
Sep. 30, 2023
NOTE PAYABLE  
Schedule of Long-Term Debt
Debt related to the Senior Secured Credit Facility, Convertible Note Payable, and Related Party Note Payable consisted of the following:
Effective Interest RateSeptember 30, 2023December 31, 2022
Senior Note due 2026 (1)
17.5 %$66,189,191 $66,385,055 
Convertible Note60,006 60,006 
Related Party Note— 30,000 
Total debt66,249,197 66,475,061 
Less: current portion2,655,307 1,641,217 
Long-term debt, excluding current portion$63,593,890 $64,833,844 
(1) Includes unamortized discount and issuance costs of approximately $5.5 million and $7.2 million, as of September 30, 2023 and December 31, 2022, respectively.
Schedule of Maturities of Long-Term Debt
At September 30, 2023, the principal payments required under the Term Loan Facility are as follows:
Fiscal year ending December 31:
Remaining 2023$1,912,500 
20243,825,000 
20253,825,000 
202662,156,250 
Total maturities$71,718,750