Fathom Holdings Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Debt

Debt

9 Months Ended

Sep. 30, 2022

Debt

Debt

Note 9. Debt

Long-term debt consisted of the following (amounts in thousands):


	September 30, 2022		December 31, 2021
3.75% Small Business Administration installment loan due May 2050	$	159	$	170
Notes payable:
Non-interest-bearing promissory note due July 1, 2022		493		210
% director and officer insurance policy promissory note due July 31, 2023		—		385
6.0 % executive and officer insurance policy promissory note due October 9, 2022		132		211
Total debt		784		976
Less current portion of the Small Business Administration Loan		(21)		(25)
Less current portion of notes payable		(493)		(806)
Long-term debt, net of current portion	$	270	$	145

During the nine-month period ended September 30, 2022, approximately $0.1 million of short-term debt associated with our January iPro acquisition was paid.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

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+ Details