| Carrying and Fair Value Amounts |
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| Carrying and Fair Value Amounts |
| |
Level within fair value hierarchy |
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March 31, 2021 |
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December 31, 2020 |
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Carrying
Amount (1)
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Fair Value |
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Carrying
Amount (1)
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Fair Value |
| Financial Assets: |
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| Cash and cash equivalents |
Level 1 |
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$ |
18,839,994 |
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$ |
18,839,994 |
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$ |
99,596,907 |
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$ |
99,596,907 |
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| Financing notes receivable (Note 6) |
Level 3 |
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1,183,950 |
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1,183,950 |
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1,209,736 |
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1,209,736 |
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| Inventory |
Level 1 |
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1,795,688 |
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|
1,795,688 |
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87,940 |
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87,940 |
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| Financial Liabilities: |
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| Crimson secured credit facility - Term Loan |
Level 2 |
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$ |
78,267,485 |
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$ |
78,267,485 |
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$ |
— |
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$ |
— |
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Crimson secured credit facility - Revolver(2)
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Level 2 |
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23,917,795 |
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23,917,795 |
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— |
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— |
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5.875% Unsecured Convertible Senior Notes |
Level 2 |
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115,172,555 |
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108,516,282 |
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115,008,130 |
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84,409,292 |
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| (1) The carrying value of debt balances are presented net of unamortized original issuance discount and debt issuance costs. |
| (2) The carrying value of the Crimson Revolver is presented net of unamortized debt issuance costs classified as an asset in deferred costs. |
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