Annual report pursuant to Section 13 and 15(d)

DEBT OBLIGATIONS (Tables)

v3.22.0.1
DEBT OBLIGATIONS (Tables)
 12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of debt obligations
The following table presents certain information regarding the Company's debt obligations:
December 31, 2021 December 31, 2020
Debt Obligation/Collateral Month Issued Outstanding Face Amount Carrying Value Final Stated Maturity Weighted Average Coupon Weighted Average Funding Cost (A) Weighted Average Life (Years) Face Amount of Floating Rate Debt Outstanding Face Amount Carrying Value
Credit Facilities and Finance Leases
Vineyard II
 Dec 1993 200  200  Dec 2043 2.43% 2.38  % 22 200  200  200 
Finance Leases (Equipment)
 July 2014 - Dec 2021 14,275  14,275  Jan 2021 - Jul 2027
3.50% to 15.00%
 6.03  % 3.3 —  19,021  19,021 
14,475  14,475  5.97  % 3.7 200  19,221  19,221 
Less current portion of obligations under finance leases
 5,400  5,400  6,470  6,470 
Credit facilities and obligations under finance leases - noncurrent
 9,075  9,075  12,751  12,751 
Corporate
Junior subordinated notes payable (B)
 Mar 2006 51,004  51,174  Apr 2035
3-mon LIBOR+2.25%
 2.38  % 13.34 51,004  51,004  51,182 
Total debt obligations
 $ 65,479  $ 65,649  3.17  % 11.2 $ 51,204  $ 70,225  $ 70,403 
Including the effect of deferred financing cost. (B)Collateral for this obligation is the Company's general credit.
Schedule of contractual maturities of debt obligations
The Company’s debt obligations have contractual maturities as follows:
Nonrecourse Recourse Total
2022 $ 5,062  $ —  $ 5,062 
2023 4,415  —  4,415 
2024 2,520  —  2,520 
2025 1,445  —  1,445 
2026 576  —  576 
Thereafter 14  14 
Total $ 14,032  $ —  $ 14,032