Quarterly report pursuant to Section 13 or 15(d)

SUBORDINATED DEBT (Details Narrative)

v3.23.1
SUBORDINATED DEBT (Details Narrative) - USD ($)
$ in Thousands
 1 Months Ended 3 Months Ended
Nov. 28, 2017
Mar. 31, 2023
Dec. 31, 2022
Aug. 06, 2015
Defined Benefit Plan Disclosure [Line Items]        
Subordinated debt [1]   $ 11,256 $ 11,119  
Accrued interest   $ 12,400 11,500  
Golden Wayford Limited [Member]        
Defined Benefit Plan Disclosure [Line Items]        
Subordinated Convertible Note Promissory Note       $ 10,000
Principal Payment $ 1,000      
Maturity Date Feb. 16, 2016      
Interest rate   5.00%    
Subordinated debt   $ 9,000    
Accrued interest   $ 2,300 $ 2,100  
[1] As of March 31, 2023 and December 31, 2022, the fair value of the subordinated term loan, subordinated debt and senior term loan considered the senior status of the senior term loan under the Fortress Credit Agreement, followed by the junior status of the subordinated term loan and subordinated debt. The implied yields of the subordinated term loan – related party, subordinated debt and senior term loan were 33.98%, 37.59% and 28.00%, respectively, as of March 31, 2023 and 23.00%, 27.18% and 28.78%, respectively, as of December 31, 2022.