Schedule of Loans Payable |
The Company's loans payable consisted of the following:
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March 31, 2024 |
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|
December 31, 2023 |
|
Chicago Atlantic term loan due November 2024 |
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|
|
|
|
|
Principal amount |
|
$ |
24,404 |
|
|
$ |
24,611 |
|
Deferred financing cost |
|
|
— |
|
|
|
— |
|
Net carrying amount |
|
$ |
24,404 |
|
|
$ |
24,611 |
|
|
|
|
|
|
|
|
Ilera term loan due December 2024 |
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|
|
|
|
|
Principal amount |
|
$ |
72,127 |
|
|
$ |
76,927 |
|
Deferred financing cost |
|
|
(2,340 |
) |
|
|
(3,191 |
) |
Net carrying amount |
|
$ |
69,787 |
|
|
$ |
73,736 |
|
|
|
|
|
|
|
|
Stearns loan due December 2024 |
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|
|
|
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|
Principal amount |
|
$ |
24,721 |
|
|
$ |
24,809 |
|
Deferred financing cost |
|
|
(611 |
) |
|
|
(791 |
) |
Net carrying amount |
|
$ |
24,110 |
|
|
$ |
24,018 |
|
|
|
|
|
|
|
|
Pelorus term loan due October 2027 |
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|
|
|
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|
Principal amount |
|
$ |
45,478 |
|
|
$ |
45,478 |
|
Deferred financing cost |
|
|
(1,413 |
) |
|
|
(1,490 |
) |
Net carrying amount |
|
$ |
44,065 |
|
|
$ |
43,988 |
|
|
|
|
|
|
|
|
Maryland Acquisition loans (1) |
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|
|
|
|
|
Principal amount |
|
$ |
19,495 |
|
|
$ |
19,873 |
|
Unamortized discount |
|
|
(1,229 |
) |
|
|
(1,403 |
) |
Net carrying amount |
|
$ |
18,266 |
|
|
$ |
18,470 |
|
|
|
|
|
|
|
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Other loans |
|
$ |
2,322 |
|
|
$ |
2,698 |
|
|
|
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|
|
|
|
Short-term debt |
|
$ |
9,123 |
|
|
$ |
11,849 |
|
Current portion of long-term debt |
|
$ |
124,545 |
|
|
|
125,888 |
|
Loans payable, current |
|
$ |
133,668 |
|
|
|
137,737 |
|
|
|
|
|
|
|
|
Loans payable, non-current |
|
$ |
58,409 |
|
|
$ |
61,633 |
|
Total loans payable |
|
$ |
192,077 |
|
|
$ |
199,370 |
|
|
|
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|
(1) For maturity breakout, refer to Maryland Acquisition Loans section below. |
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Summary of Stated maturities of Loans Payable |
Stated maturities of loans payable over the next five years are as follows:
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March 31, 2024 |
|
2024 |
|
$ |
132,677 |
|
2025 |
|
|
7,942 |
|
2026 |
|
|
11,082 |
|
2027 |
|
|
44,483 |
|
2028 |
|
|
1,000 |
|
Thereafter |
|
|
— |
|
Total principal payments |
|
$ |
197,184 |
|
|