| Schedule of Debt |
The Opus term loans at June 30, 2016
are recorded at their accredited value and consist of the following:
| Face amount of the loans |
|
$ |
8,000,000 |
|
| Unamortized debt issuance costs |
|
|
(500,737 |
) |
| Unamortized discount on loan fees |
|
|
(80,781 |
) |
| Unamortized discount of amount allocated to warrants |
|
|
(84,012 |
) |
| Balance at June 30, 2016 |
|
$ |
7,334,470 |
|
|
| Schedule of Maturities of Long-term Debt |
Maturities of the outstanding notes
payable, term loans and other obligations as of June 30, 2016 are as follows:
Years ending
December 31
|
|
Vehicle
Financing
Notes
|
|
|
Opus Bank
Term Loans
|
|
|
Obligation for
Customer
Relationships
|
|
|
Total |
|
| 2016 (six months) |
|
$ |
34,256 |
|
|
$ |
666,666 |
|
|
$ |
151,297 |
|
|
$ |
852,219 |
|
| 2017 |
|
|
71,424 |
|
|
|
2,666,667 |
|
|
|
- |
|
|
|
2,738,091 |
|
| 2018 |
|
|
63,399 |
|
|
|
2,666,667 |
|
|
|
- |
|
|
|
2,730,066 |
|
| 2019 |
|
|
40,389 |
|
|
|
2,000,000 |
|
|
|
- |
|
|
|
2,040,389 |
|
| Thereafter |
|
|
39,896 |
|
|
|
- |
|
|
|
- |
|
|
|
39,896 |
|
| Total |
|
$ |
249,364 |
|
|
$ |
8,000,000 |
|
|
$ |
151,297 |
|
|
$ |
8,400,661 |
|
|