Notes Payable and Interest Expense - Schedule of Notes Payable (Details) - USD ($) |
9 Months Ended | |||||
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Apr. 22, 2020 |
Jul. 26, 2019 |
Nov. 06, 2017 |
Sep. 30, 2020 |
Apr. 10, 2020 |
Dec. 31, 2019 |
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Total Debt | $ 2,962,061 | $ 2,248,805 | ||||
Less current portion | (644,021) | (681,276) | ||||
Long-term debt, net of current portion | $ 2,318,040 | 1,567,529 | ||||
BDC Term Loan [Member] | ||||||
Maturity date | Oct. 15, 2021 | Oct. 15, 2021 | ||||
Interest Rate | 25.00% | |||||
Total Debt | $ 188,306 | 224,307 | ||||
ACOA Note [Member] | ||||||
Maturity date | May 01, 2023 | May 01, 2023 | ||||
Interest Rate | 0.00% | |||||
Total Debt | $ 106,095 | 117,131 | ||||
Wintrust Loan [Member] | ||||||
Maturity date | Nov. 01, 2021 | |||||
Interest rate description | Prime + 1.5 % | |||||
Total Debt | $ 466,667 | 766,667 | ||||
TD Bank Loan [Member] | ||||||
Maturity date | Dec. 31, 2022 | Dec. 31, 2022 | ||||
Interest Rate | 0.00% | 0.00% | ||||
Total Debt | $ 29,890 | |||||
Chase Loan [Member] | ||||||
Maturity date | Apr. 10, 2022 | |||||
Interest Rate | 1.00% | 1.00% | ||||
Total Debt | $ 891,103 | |||||
Related Party Notes [Member] | ||||||
Interest Rate | 15.00% | |||||
Total Debt | $ 1,280,000 | $ 1,140,700 |
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- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Description of the interest rate as being fixed or variable, and, if variable, identification of the index or rate on which the interest rate is based and the number of points or percentage added to that index or rate to set the rate, and other pertinent information, such as frequency of rate resets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt, classified as current. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after unamortized (discount) premium and debt issuance costs of long-term debt classified as noncurrent and excluding amounts to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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