Debt and Financing Obligations (Tables)

12 Months Ended

Oct. 31, 2021

Debt and Financing Obligations

Schedule of Debt

Debt as of October 31, 2021 and 2020 consisted of the following (in thousands):

	October 31,		October 31,
	2021		2020
Orion Energy Partners Credit Facility	$	—	$	80,000
Connecticut Green Bank Loan		4,800		4,800
Connecticut Green Bank Loan (Bridgeport Fuel Cell Project)		4,318		5,065
Liberty Bank Term Loan Agreement (Bridgeport Fuel Cell Project)		7,465		9,549
Fifth Third Bank Term Loan Agreement (Bridgeport Fuel Cell Project)		7,465		9,549
Finance obligation for sale-leaseback transactions		56,492		49,274
State of Connecticut Loan		8,622		9,454
Liberty Bank Promissory Note (PPP Note)		—		6,515
Finance lease obligations		102		38
Deferred finance costs		(1,556)		(3,737)
Unamortized debt discount		—		(5,152)
Total debt and financing obligations	$	87,708	$	165,355
Current portion of long-term debt and financing obligations		(10,085)		(21,366)
Long-term debt and financing obligations	$	77,623	$	143,989

Aggregate Annual Principal Payments under Loan Agreements and Finance Lease Obligations

Aggregate annual principal payments under our loan agreements and finance lease obligations for the years subsequent to October 31, 2021 are as follows (in thousands):

Year 1	$	10,489
Year 2		10,275
Year 3		10,352
Year 4		8,678
Year 5		4,988
Thereafter (1)		9,677
	$	54,459

(1) The annual principal payments included above only include sale-leaseback payments whereas the difference between debt outstanding as of October 31, 2021 and the annual principal payments represent accreted interest and amounts included in the finance obligation that exceed required principal payments.