| Schedule of Debt |
The long term debt at March 31, 2017
is recorded at its accredited value and consists of the following:
| Face amount of the loans |
|
$ |
6,666,667 |
|
| Unamortized debt issuance costs |
|
|
(408,631 |
) |
| Unamortized discount on loan fees |
|
|
(62,787 |
) |
| Unamortized discount of amount allocated to warrants |
|
|
(105,762 |
) |
| Balance at March 31, 2017 |
|
$ |
6,089,487 |
|
|
| Schedule of Maturities of Long-term Debt |
Maturities of the outstanding notes
payable, the term loans and other obligations as of March 31, 2017 are as follows:
|
Years ending
December 31
|
|
|
Vehicle Financing Notes |
|
|
Opus Term Loans |
|
|
Insurance Financing |
|
|
Prudential Payable |
|
|
Total |
|
| 2017 (nine months) |
|
|
$ |
56,529 |
|
|
$ |
2,000,000 |
|
|
$ |
26,700 |
|
|
$ |
5,000,000 |
|
|
$ |
7,083,229 |
|
| 2018 |
|
|
|
66,045 |
|
|
|
2,666,667 |
|
|
|
- |
|
|
|
- |
|
|
|
2,732,712 |
|
| 2019 |
|
|
|
46,131 |
|
|
|
2,000,000 |
|
|
|
- |
|
|
|
- |
|
|
|
2,046,131 |
|
| 2020 |
|
|
|
35,529 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
35,529 |
|
| 2021 |
|
|
|
13,628 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
13,628 |
|
| Thereafter |
|
|
|
4,661 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
4,661 |
|
| Total |
|
|
$ |
222,523 |
|
|
$ |
6,666,667 |
|
|
$ |
26,700 |
|
|
$ |
5,000,000 |
|
|
$ |
11,915,890 |
|
|