| Schedule Of Notes Payable |
The following table presents details of our
notes payable as of September 30, 2019 and December 31, 2018:
| Facility |
|
Maturity |
|
Interest Rate |
|
Balance at
September 30,
2019 |
|
Balance at
December 31,
2018 |
| BDC Term Loan |
|
October 15,2021 |
|
25 % |
|
$ |
241,941 |
|
$ |
252,837 |
| ACOA Note |
|
May 1,2021 |
|
- |
|
|
122,655 |
|
|
141,081 |
| Wintrust Bank |
|
November 1,2021 |
|
6.75 % |
|
|
865,807 |
|
|
1,000,000 |
| Related Party Note |
|
March 31,2020 |
|
15 % |
|
|
90,461 |
|
|
80,000 |
| Total Debt |
|
|
|
|
|
|
1,320,864 |
|
|
1,473,918 |
| Less current portion |
|
|
|
|
|
|
(618,792) |
|
|
(1,279,590) |
| Long-term debt, net of current portion |
|
|
|
|
|
$ |
702,072 |
|
$ |
194,328 |
|