Notes Payable
 9 Months Ended 12 Months Ended
Sep. 30, 2021
Dec. 31, 2020
Debt Disclosure [Abstract]    
Notes Payable
NOTE 7. NOTES PAYABLE
At September 30, 2021 and December 31, 2020, notes payable consisted of the following:
 
    
September 30,
2021
    
December 31,
2020
  
              
    
(dollars in thousands)
  
Promissory note dated April 10, 2017, with annual interest at 12%, due between
April
and July 2022
    $ 4,000     $ 4,000  
Promissory note dated December 7, 2017, with annual interest at 12%, secured by certain property located in Miami, FL due December 2021
      2,000       2,000  
    
 
 
    
 
 
  
Total notes payable
      6,000       6,000  
Less current portion
      (6,000 )      (2,000 ) 
    
 
 
    
 
 
  
Long-term notes payable
    $ —       $ 4,000  
    
 
 
    
 
 
  
 
Stated maturities of notes payable are as follows:
 
As of September 30,
   
(dollars in thousands)
  
2021
    $ 2,000  
2022
      4,000  
    
 
 
  
     $ 6,000  
    
 
 
  
All notes payable were fully paid off during the fourth quarter of 2021.
7.
NOTES PAYABLE
At December 31, 2020 and 2019,
notes payable consisted of the following:
 
    
2020
     
2019
  
               
    
(dollars in thousands)
  
Promissory note dated April 10, 2017, with annual interest at 12%, due between April and July 2022
    $ 4,000      $ 4,000  
Promissory note dated December 7, 2017, with annual interest at 12%, secured by certain property located in Miami, FL, due December 2021
      2,000        2,000  
Less current portion
      (2,000 )       (2,000 ) 
    
 
 
     
 
 
  
Long Term Notes Payable
    $ 4,000      $ 4,000  
    
 
 
     
 
 
  
The unsecured promissory note dated April 10, 2017, was amended in January 2019 to extend the maturity date by three years to
2022
, all other terms remain unchanged.
The promissory note dated December 7, 2017, has terms allowing the lender to request prepayment at any time once the Company had raised in excess of $24.0 million. In conjunction with the close of the SR Offering, the promissory note became due on demand.
Stated maturities of notes payables are as follows:
 
Year Ended December 31,
   
(dollars in
thousands)
  
2020
    $ —    
2021
      2,000  
2022
      4,000  
    
 
 
  
     $ 6,000