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v3.20.2

Bank Debt (Tables) | 6 Months Ended
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Jun. 30, 2020
Debt Disclosure [Abstract] |
Schedule of debt proceeds received and principal repayments made during the year |
|  | During the Three-Month Period Ended June 30, 2020 |  |  | During the Three-Month Period Ended June 30, 2019 |
|  | Proceeds from Debt Issuance |  |  | Debt Principal Repayments |  |  | Proceeds from Debt Issuance |  |  | Debt Principal Repayments |
Loan #1 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (16,881 | )
Loan #2 |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (22,260 | )
Loan #3 |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (140,714 | )
Loan #4 |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (32,000 | )
Loan #5 |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (2,805 | )
Loan #6 |  |  | — |  |  |  | (31,497 | ) |  |  | — |  |  |  | — |
Loan #7 |  |  | — |  |  |  | (110,397 | ) |  |  | — |  |  |  | — |
Loan #8 |  |  | 937,700 |  |  |  | — |  |  |  | — |  |  |  | — |
Loan #9 |  |  | 500,000 |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 1,437,700 |  |  | $ | (141,894 | ) |  | $ | — |  |  | $ | (214,660 | )
|  | During the Six-Month Period Ended June 30, 2020 |  |  | During the Six-Month Period Ended June 30, 2019 |
|  | Proceeds from Debt Issuance |  |  | Debt Principal Repayments |  |  | Proceeds from Debt Issuance |  |  | Debt Principal Repayments |
Loan #1 |  | $ | — |  |  | $ | (493,696 | ) |  | $ | — |  |  | $ | (33,762 | )
Loan #2 |  |  | — |  |  |  | (2,143,771 | ) |  |  | — |  |  |  | (44,520 | )
Loan #3 |  |  | — |  |  |  | (3,236,429 | ) |  |  | — |  |  |  | (281,429 | )
Loan #4 |  |  | — |  |  |  | (2,336,000 | ) |  |  | — |  |  |  | (64,000 | )
Loan #5 |  |  | — |  |  |  | (309,182 | ) |  |  | — |  |  |  | (5,250 | )
Loan #6 |  |  | 5,100,000 |  |  |  | (31,497 | ) |  |  | — |  |  |  | — |
Loan #7 |  |  | 3,500,000 |  |  |  | (110,397 | ) |  |  | — |  |  |  | — |
Loan #8 |  |  | 937,700 |  |  |  | — |  |  |  | — |  |  |  | — |
Loan #9 |  |  | 500,000 |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 10,037,700 |  |  | $ | (8,660,972 | ) |  | $ | — |  |  | $ | (428,961 | )
Schedule of principal payments due under debt outstanding |
|  | During the Six-Month Period Ending December 31, |  |  | During the Years Ending December 31, |  |  |
|  | 2020 |  |  | 2021 |  |  | 2022 |  |  | 2023 |  |  | 2024 |  |  | 2025 and After |  |  | Total |
Loan #6 |  | $ | 64,964 |  |  | $ | 133,384 |  |  | $ | 138,128 |  |  | $ | 143,041 |  |  | $ | 148,128 |  |  | $ | 4,440,858 |  |  | $ | 5,068,503 |
Loan #7 |  |  | 224,551 |  |  |  | 461,046 |  |  |  | 477,444 |  |  |  | 494,425 |  |  |  | 512,011 |  |  |  | 1,220,125 |  |  |  | 3,389,602 |
Loan #8(1) |  |  | 155,309 |  |  |  | 625,130 |  |  |  | 157,261 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 937,700 |
Loan #9 |  |  | — |  |  |  | — |  |  |  | 22,160 |  |  |  | 91,446 |  |  |  | 96,104 |  |  |  | 290,290 |  |  |  | 500,000 |
Subtotal |  | $ | 444,824 |  |  | $ | 1,219,560 |  |  | $ | 794,993 |  |  | $ | 728,912 |  |  | $ | 756,243 |  |  | $ | 5,951,273 |  |  | $ | 9,895,805 |
Debt Issuance Costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (37,888 | )
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 9,857,917 |
(1) | These principal payments would not be due if the loan amount is forgiven by the federal government.

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