Quarterly report pursuant to Section 13 or 15(d)

Notes Payable and Interest Expense (Tables)

v3.21.2
Notes Payable and Interest Expense (Tables)
9 Months Ended
Sep. 30, 2021
Notes Payable and Interest Expense [Abstract]  
Schedule of Notes Payable Facility Maturity Interest Rate Balance at September 30,2021 Balance at December 31,2020BDC Term Loan October 15, 2021 23.5% $ 62,934 $ 160,088ACOA Note February 1, 2024 — 85,703 111,430Wintrust Bank November 14, 2021 Prime + 1.5% — 366,667TD Bank December 31, 2022 — 31,467 31,390Chase Bank April 10, 2022 1% — 891,102Related Party Note June 30, 2024 15% 1,885,445 580,000Total Debt 2,065,549 2,140,677Less current portion (434,814) (641,676)Long-term debt, net of current portion $ 1,630,735 $ 1,499,001