| Schedule Of Notes Payable |
The following table presents details of our notes payable as of
March 31, 2019 and December 31, 2018:
| Facility |
|
Maturity |
|
Interest Rate |
|
Balance at March 31, 2019 |
|
Balance at December 31, 2018 |
| BDC Term Loan |
|
September 15, 2019 |
|
12% |
|
$ |
252,730 |
|
$ |
252,837 |
| ACOA Note |
|
May 1, 2021 |
|
- |
|
|
137,395 |
|
|
141,081 |
| Wintrust Bank |
|
November 1, 2021 |
|
6.75% |
|
|
1,000,000 |
|
|
1,000,000 |
| Related Party Note |
|
March 31, 2021 |
|
15% |
|
|
1,580,000 |
|
|
80,000 |
| Total Debt |
|
|
|
|
|
|
2,970,125 |
|
|
1,473,918 |
| Less current portion |
|
|
|
|
|
|
(617,140) |
|
|
(1,279,590) |
| Long-term debt, net of current portion |
|
|
|
|
|
$ |
2,352,985 |
|
$ |
194,328 |
|