Quarterly report pursuant to Section 13 or 15(d)

Notes Payable and Interest Expense (Tables)

v3.23.3
Notes Payable and Interest Expense (Tables)
9 Months Ended
Sep. 30, 2023
Debt Disclosure [Abstract]  
Schedule of Debt

The following table presents details of our notes payable as of September 30, 2023 and December 31, 2022:

 

 

Facility   Maturity   Interest Rate     Balance at
September 30,
2023
    Balance at
December 31,
2022
 
ACOA Note   February 1, 2024           14,363       34,231  
TD Bank   December 31, 2023           29,432       29,478  
Related Party Note   various     15 %     5,653,347       5,192,461  
Total Debt                 5,697,142       5,256,170  
Less current portion                 (2,206,238 )     (2,743,788 )
Long-term debt, net of current portion               $ 3,490,904     $ 2,512,382