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Bank Debt (Tables)

9 Months Ended

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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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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