| Schedule of Debt |
The Opus term loans at September 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 |
|
|
(487,193 |
) |
| Unamortized discount on loan fees |
|
|
(74,858 |
) |
| Unamortized discount of amount allocated to warrants |
|
|
(126,066 |
) |
| Balance at September 30, 2016 |
|
$ |
7,311,883 |
|
|
| Schedule of Maturities of Long-term Debt |
Maturities of the outstanding notes
payable, term loans and other obligations as of September 30, 2016 are as follows:
Years ending
December 31
|
|
Vehicle
Financing
Notes
|
|
|
Opus Bank
Term Loans
|
|
|
Insurance
Financing
|
|
|
Obligation for
Customer
Relationships
|
|
|
Total |
|
| 2016 (three months) |
|
$ |
17,302 |
|
|
$ |
666,666 |
|
|
$ |
77,965 |
|
|
$ |
125,000 |
|
|
$ |
886,933 |
|
| 2017 |
|
|
71,459 |
|
|
|
2,666,667 |
|
|
|
105,939 |
|
|
|
- |
|
|
|
2,844,065 |
|
| 2018 |
|
|
62,184 |
|
|
|
2,666,667 |
|
|
|
- |
|
|
|
- |
|
|
|
2,728,851 |
|
| 2019 |
|
|
41,941 |
|
|
|
2,000,000 |
|
|
|
- |
|
|
|
- |
|
|
|
2,041,941 |
|
| Thereafter |
|
|
39,896 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
39,896 |
|
| Total |
|
$ |
232,782 |
|
|
$ |
8,000,000 |
|
|
$ |
183,904 |
|
|
$ |
125,000 |
|
|
$ |
8,541,686 |
|
|