| Schedule of Long Term Debt |
Long term debt consisted of the following:
|
|
|
|
|
|
|
|
|
|
At |
|
At |
|
September 30, 2017 |
|
December 31, 2016 |
|
|
|
|
Term Loan Agreements |
$ |
7,363,752 |
|
|
$ |
9,485,000 |
|
Equipment Financing Agreements |
1,170,745 |
|
|
1,421,033 |
|
American Express Loan |
354,404 |
|
|
— |
|
Promissory notes |
6,250,000 |
|
|
6,250,000 |
|
|
15,138,901 |
|
|
17,156,033 |
|
Less: Current portion of Long Term Debt |
3,516,289 |
|
|
3,153,666 |
|
Discount on warrants, net |
698,750 |
|
|
834,500 |
|
Long Term Debt, net of Current Portion |
$ |
10,923,862 |
|
|
$ |
13,167,867 |
|
|
|
|
|
Future minimum loan payments: |
|
|
|
Remainder of 2017 |
1,144,349 |
|
|
|
2018 |
3,170,310 |
|
|
|
2019 |
3,187,808 |
|
|
|
2020 |
1,276,391 |
|
|
|
2021 |
6,360,043 |
|
|
|
Total |
$ |
15,138,901 |
|
|
|
|
| Schedule of Maturities of Long-term Debt |
Long term debt consisted of the following:
|
|
|
|
|
|
|
|
|
|
At |
|
At |
|
September 30, 2017 |
|
December 31, 2016 |
|
|
|
|
Term Loan Agreements |
$ |
7,363,752 |
|
|
$ |
9,485,000 |
|
Equipment Financing Agreements |
1,170,745 |
|
|
1,421,033 |
|
American Express Loan |
354,404 |
|
|
— |
|
Promissory notes |
6,250,000 |
|
|
6,250,000 |
|
|
15,138,901 |
|
|
17,156,033 |
|
Less: Current portion of Long Term Debt |
3,516,289 |
|
|
3,153,666 |
|
Discount on warrants, net |
698,750 |
|
|
834,500 |
|
Long Term Debt, net of Current Portion |
$ |
10,923,862 |
|
|
$ |
13,167,867 |
|
|
|
|
|
Future minimum loan payments: |
|
|
|
Remainder of 2017 |
1,144,349 |
|
|
|
2018 |
3,170,310 |
|
|
|
2019 |
3,187,808 |
|
|
|
2020 |
1,276,391 |
|
|
|
2021 |
6,360,043 |
|
|
|
Total |
$ |
15,138,901 |
|
|
|
|