Quarterly report pursuant to Section 13 or 15(d)

Notes Payable and Interest Expense (Tables)

v3.5.0.2
Notes Payable and Interest Expense (Tables)
9 Months Ended
Sep. 30, 2016
Notes Payable and Interest Expense [Abstract]  
Schedule Of Notes Payable



 

 

 

 

 

 

 

 

 

 

Facility

 

Maturity

 

Interest Rate

 

Balance at

September 30,

2016

 

Balance at
December 31,
2015

   BDC Term Loan

 

December 15, 2017

 

12% 

 

$

343,665 

 

$

 -

   ACOA Note

 

May 1, 2021

 

-

 

 

65,209 

 

 

 -

   SVB Working Capital Line of Credit Facility

 

March 30, 2018

 

Variable

 

 

1,000,000 

 

 

 -

Total Debt

 

 

 

 

 

 

1,408,874 

 

 

 -

Less current portion

 

 

 

 

 

 

(1,283,085)

 

 

 -

Long-term debt, net of current portion

 

 

 

 

 

$

125,789 

 

$

 -