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v3.20.2

Bank Debt (Tables) | 9 Months Ended
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Sep. 30, 2020
Debt Disclosure [Abstract] |
Schedule of debt proceeds received and principal repayments made during the year |
|  | During the Three-Month Period Ended September 30, 2020 |  |  | During the Three-Month Period Ended September 30, 2019 |
|  | Proceeds from Debt Issuance |  |  | Debt Principal Repayments |  |  | Proceeds from Debt Issuance |  |  | Debt Principal Repayments |
Loan #1 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (17,227 | )
Loan #2 |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (22,260 | )
Loan #3 |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (140,714 | )
Loan #4 |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (32,000 | )
Loan #5 |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (2,967 | )
Loan #6 |  |  | — |  |  |  | (31,782 | ) |  |  | — |  |  |  | — |
Loan #7 |  |  | — |  |  |  | (111,392 | ) |  |  | — |  |  |  | — |
Loan #8 |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Loan #9 |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | — |  |  | $ | (143,174 | ) |  | $ | — |  |  | $ | (215,168 | )
|  | During the Nine-Month Period Ended September 30, 2020 |  |  | During the Nine-Month Period Ended September 30, 2019 |
|  | Proceeds from Debt Issuance |  |  | Debt Principal Repayments |  |  | Proceeds from Debt Issuance |  |  | Debt Principal Repayments |
Loan #1 |  | $ | — |  |  | $ | (493,696 | ) |  | $ | — |  |  | $ | (50,989 | )
Loan #2 |  |  | — |  |  |  | (2,143,771 | ) |  |  | — |  |  |  | (66,780 | )
Loan #3 |  |  | — |  |  |  | (3,236,429 | ) |  |  | — |  |  |  | (422,143 | )
Loan #4 |  |  | — |  |  |  | (2,336,000 | ) |  |  | — |  |  |  | (96,000 | )
Loan #5 |  |  | — |  |  |  | (309,182 | ) |  |  | — |  |  |  | (8,217 | )
Loan #6 |  |  | 5,100,000 |  |  |  | (63,279 | ) |  |  | — |  |  |  | — |
Loan #7 |  |  | 3,500,000 |  |  |  | (221,790 | ) |  |  | — |  |  |  | — |
Loan #8 |  |  | 937,700 |  |  |  | — |  |  |  | — |  |  |  | — |
Loan #9 |  |  | 500,000 |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 10,037,700 |  |  | $ | (8,804,147 | ) |  | $ | — |  |  | $ | (644,129 | )
Schedule of principal payments due under debt outstanding |
|  | During the Three-Month Period Ending |  |  | During the Years Ending December 31, |  |  |  |
|  | December 31, 2020 |  |  | 2021 |  |  | 2022 |  |  | 2023 |  |  | 2024 |  |  | 2025 and After |  |  | Total |
Loan #6 |  | $ | 32,758 |  |  | $ | 133,369 |  |  | $ | 138,112 |  |  | $ | 143,025 |  |  | $ | 148,112 |  |  | $ | 4,441,345 |  |  | $ | 5,036,721 |
Loan #7 |  |  | 112,836 |  |  |  | 461,035 |  |  |  | 477,432 |  |  |  | 494,413 |  |  |  | 511,998 |  |  |  | 1,220,496 |  |  |  | 3,278,210 |
Loan #8(1) |  |  | — |  |  |  | 184,429 |  |  |  | 223,352 |  |  |  | 225,596 |  |  |  | 227,862 |  |  |  | 76,461 |  |  |  | 937,700 |
Loan #9 |  |  | — |  |  |  | — |  |  |  | 22,160 |  |  |  | 91,446 |  |  |  | 96,104 |  |  |  | 290,290 |  |  |  | 500,000 |
Subtotal |  | $ | 145,594 |  |  | $ | 778,833 |  |  | $ | 861,056 |  |  | $ | 954,480 |  |  | $ | 984,076 |  |  | $ | 6,028,592 |  |  | $ | 9,752,631 |
Debt Issuance Costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (36,323 | )
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 9,716,308 |
| (1) | These principal payments would not be due if the loan amount is forgiven by the federal government.

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