Quarterly report pursuant to Section 13 or 15(d)

Notes Payable and Interest Expense (Tables)

v3.4.0.3
Notes Payable and Interest Expense (Tables)
3 Months Ended
Mar. 31, 2016
Notes Payable and Interest Expense [Abstract]  
Schedule Of Notes Payable



 

 

 

 

 

 

 

 

 

 

Facility

 

Maturity

 

Interest Rate

 

Balance at
March 31,
2016

 

Balance at
December 31,
2015

   BDC Term Loan

 

December 15, 2017

 

12% 

 

$

345,465 

 

$

 -

   ACOA Note

 

May 1, 2021

 

-

 

 

70,234 

 

 

 -

   SVB Working Capital Line of Credit Facility

 

March 30, 2018

 

Variable

 

 

 -

 

 

 -

Total Debt

 

 

 

 

 

 

415,699 

 

 

 -

Less current portion

 

 

 

 

 

 

(96,903)

 

 

 -

Long-term debt, net of current portion

 

 

 

 

 

$

318,796 

 

$

 -