| Schedule of Debt |
The term loans at June 30, 2017 are
recorded at their accredited value and consist of the following:
| Face amount of the loans |
|
$ |
3,193,627 |
|
| Unamortized debt issuance costs |
|
|
(391,174 |
) |
| Unamortized discount on loan fees |
|
|
(54,739 |
) |
| Unamortized discount of amount allocated to warrants |
|
|
(92,217 |
) |
| Balance at June 30, 2017 |
|
$ |
2,655,497 |
|
|
| Schedule of Maturities of Long-term Debt |
Maturities of the outstanding notes payable,
the term loans and other obligations as of June 30, 2017 are as follows:
Years ending
December 31
|
|
|
Vehicle
Financing
Notes
|
|
|
Opus Term
Loans
|
|
|
Prudential
Payable
|
|
|
Total |
|
| 2017 (six months) |
|
|
$ |
39,502 |
|
|
$ |
1,333,333 |
|
|
$ |
5,000,000 |
|
|
$ |
6,372,835 |
|
| 2018 |
|
|
|
69,967 |
|
|
|
1,860,294 |
|
|
|
- |
|
|
|
1,930,261 |
|
| 2019 |
|
|
|
50,281 |
|
|
|
- |
|
|
|
- |
|
|
|
50,281 |
|
| 2020 |
|
|
|
39,966 |
|
|
|
- |
|
|
|
- |
|
|
|
39,966 |
|
| 2021 |
|
|
|
18,385 |
|
|
|
- |
|
|
|
- |
|
|
|
18,385 |
|
| Thereafter |
|
|
|
12,437 |
|
|
|
- |
|
|
|
- |
|
|
|
12,437 |
|
| Total |
|
|
$ |
230,538 |
|
|
$ |
3,193,627 |
|
|
$ |
5,000,000 |
|
|
$ |
8,424,165 |
|
|