Quarterly report pursuant to Section 13 or 15(d)

Notes Payable and Interest Expense (Tables)

v3.21.2
Notes Payable and Interest Expense (Tables)
6 Months Ended
Jun. 30, 2021
Notes Payable and Interest Expense [Abstract]  
Schedule of Notes Payable

Facility

Maturity

Interest Rate

Balance at

June 30,

2021

Balance at

December 31,

2020

BDC Term Loan

October 15, 2021

23.5%

$

111,318

$

160,088

ACOA Note

February 1, 2024

97,601

111,430

Wintrust Bank

November 14, 2021

Prime + 1.5%

366,667

TD Bank

December 31, 2022

32,266

31,390

Chase Bank

April 10, 2022

1%

891,103

891,102

Related Party Note - Net

June 30, 2024

15%

1,704,647

580,000

Total Debt

2,836,935

2,140,677

Less current portion

(149,634)

(641,676)

Long-term debt, net of current portion

$

2,687,301

$

1,499,001