Debt, Net (Tables)

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Components of debt

The following table summarizes the components of Debt, net (dollars in thousands):

	June 30, 2022		December 31, 2021
Debt, net, current:
Sprott Credit Agreement	$	2,200	$	17,223
Note payable	126		115
Less, debt issuance costs	—		(672)
Total	$	2,326	$	16,666
Debt, net, non-current:
Sprott Credit Agreement, net of original issue discount ($11.6 million, net)	$	43,595	$	51,809
Subordinated Notes	98,365		93,599
Note payable	270		345
Less, debt issuance costs	(2,333)		(2,115)
Total	$	139,897	$	143,638

Schedule of maturities of long-term debt

The following table summarizes the Company’s contractual payments of Debt, net, including current maturities, for the five years subsequent to June 30, 2022 (dollars in thousands):

July 1, 2022 through December 31, 2022	$	1,163
2023	2,327
2024	2,329
2025	1,154
2026	22
2027	149,169
Total	156,164
Less, original issue discount, net of accumulated amortization ($8.7 million)	(11,608)
Less, debt issuance costs, net of accumulated amortization ($2.6 million)	(2,333)
Total debt, net	$	142,223

Components of recorded interest expense

The following table summarizes the components of recorded Interest expense, net of capitalized interest (dollars in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Sprott Credit Agreement	$	1,088	$	2,767	$	2,587	$	5,407
Subordinated Notes	2,426		2,173		4,766		4,293
Amortization of original issue discount	559		350		1,717		685
Amortization of debt issuance costs	123		—		454		—
Other interest expense	2		8		20		16
Capitalized interest	—		—		—		(654)
Total	$	4,198	$	5,298	$	9,544	$	9,747