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v3.21.1

Bank Debt (Tables) | 3 Months Ended
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Mar. 31, 2021
Debt Disclosure [Abstract] |
Schedule of debt proceeds received and principal repayments made during the year |
|  | During the Year Ended December 31, 2020 |  |  | During the Year Ended December 31, 2019 |
|  | Proceeds from Debt Issuance |  |  | Debt Principal Repayments |  |  | Proceeds from Debt Issuance |  |  | Debt Principal Repayments |
Loan #1 |  | $ | — |  |  | $ | (493,696 | ) |  | $ | — |  |  | $ | (68,908 | )
Loan #2 |  |  | — |  |  |  | (2,143,771 | ) |  |  | — |  |  |  | (89,997 | )
Loan #3 |  |  | — |  |  |  | (3,236,429 | ) |  |  | — |  |  |  | (562,857 | )
Loan #4 |  |  | — |  |  |  | (2,336,000 | ) |  |  | — |  |  |  | (128,000 | )
Loan #5 |  |  | — |  |  |  | (309,182 | ) |  |  | — |  |  |  | (11,585 | )
Loan #6 |  |  | 5,100,000 |  |  |  | (720,001 | ) |  |  | — |  |  |  | — |
Loan #7 |  |  | 3,500,000 |  |  |  | (334,489 | ) |  |  | — |  |  |  | — |
Loan #8(1) |  |  | 937,700 |  |  |  | (937,700 | ) |  |  | — |  |  |  | — |
Loan #9 |  |  | 500,000 |  |  |  | — |  |  |  | — |  |  |  | — |
Loan #10 |  |  | 1,500,000 |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 11,537,700 |  |  | $ | (10,511,268 | ) |  | $ | — |  |  | $ | (861,347 | )
(1) Loan #8 was forgiven by the federal government during the fourth quarter of 2020.
|  | During the Three-Month Period Ended March 31, 2021 |  |  | During the Three-Month Period Ended March 31, 2020 |
|  | Proceeds from Debt Issuance |  |  | Debt Principal Repayments |  |  | Proceeds from Debt Issuance |  |  | Debt Principal Repayments |
Loan #1 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (493,696 | )
Loan #2 |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (2,143,771 | )
Loan #3 |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (3,236,429 | )
Loan #4 |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (2,336,000 | )
Loan #5 |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (309,182 | )
Loan #6 |  |  | — |  |  |  | (28,922 | ) |  |  | 5,100,000 |  |  |  | — |
Loan #7 |  |  | — |  |  |  | (113,991 | ) |  |  | 3,500,000 |  |  |  | — |
Loan #10 |  |  | — |  |  |  | (47,464 | ) |  |  | — |  |  |  | — |
Total |  | $ | — |  |  | $ | (190,377 | ) |  | $ | 8,600,000 |  |  | $ | (8,519,078 | )
Schedule of principal payments due under debt outstanding |
|  | During the Nine-Month Period Ending |  |  | During the Years Ending December 31, |  |  |  |
|  | December 31, 2021 |  |  | 2022 |  |  | 2023 |  |  | 2024 |  |  | 2025 |  |  | 2026 and After |  |  | Total |
Loan #6 |  | $ | 86,936 |  |  | $ | 120,291 |  |  | $ | 124,629 |  |  | $ | 128,725 |  |  | $ | 133,768 |  |  | $ | 3,756,729 |  |  | $ | 4,351,078 |
Loan #7 |  |  | 346,616 |  |  |  | 477,220 |  |  |  | 494,433 |  |  |  | 512,102 |  |  |  | 530,738 |  |  |  | 690,411 |  |  |  | 3,051,520 |
Loan #9 |  |  | — |  |  |  | 22,160 |  |  |  | 91,446 |  |  |  | 96,104 |  |  |  | 101,001 |  |  |  | 189,289 |  |  |  | 500,000 |
Loan #10 |  |  | 144,306 |  |  |  | 198,710 |  |  |  | 205,878 |  |  |  | 213,217 |  |  |  | 220,994 |  |  |  | 469,431 |  |  |  | 1,452,536 |
Subtotal |  |  | 577,858 |  |  |  | 818,381 |  |  |  | 916,386 |  |  |  | 950,148 |  |  |  | 986,501 |  |  |  | 5,105,860 |  |  |  | 9,355,134 |
Debt issuance costs |  |  | (5,881 | ) |  |  | (6,175 | ) |  |  | (5,768 | ) |  |  | (5,768 | ) |  |  | (5,769 | ) |  |  | (14,431 | ) |  |  | (43,792 | )
Total |  | $ | 571,977 |  |  | $ | 812,206 |  |  | $ | 910,618 |  |  | $ | 944,380 |  |  | $ | 980,732 |  |  | $ | 5,091,429 |  |  | $ | 9,311,342 |

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