XML 46 R37.htm IDEA: XBRL DOCUMENT
v3.21.2

Bank Debt (Tables) | 6 Months Ended
--- | ---
Jun. 30, 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 June 30, 2021 |  |  | During the Three-Month Period Ended June 30, 2020 |
|  | Proceeds from Debt Issuance |  |  | Debt Principal Repayments |  |  | Proceeds from Debt Issuance |  |  | Debt Principal Repayments |
Loan #6 |  | $ | — |  |  | $ | (28,580 | ) |  | $ | — |  |  | $ | (31,497 | )
Loan #7 |  |  | — |  |  |  | (114,421 | ) |  |  | — |  |  |  | (110,397 | )
Loan #8(1) |  |  | — |  |  |  | — |  |  |  | 937,700 |  |  |  | — |
Loan #9 |  |  | — |  |  |  | — |  |  |  | 500,000 |  |  |  | — |
Loan #10 |  |  | — |  |  |  | (47,631 | ) |  |  | — |  |  |  | — |
Total |  | $ | — |  |  | $ | (190,632 | ) |  | $ | 1,437,700 |  |  | $ | (141,894 | )
(1) | Loan #8 was forgiven by the federal government during the fourth quarter of 2020.
|  | During the Six-Month Period Ended June 30, 2021 |  |  | During the Six-Month Period Ended June 30, 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 |  |  | — |  |  |  | (57,502 | ) |  |  | 5,100,000 |  |  |  | (31,497 | )
Loan #7 |  |  | — |  |  |  | (228,412 | ) |  |  | 3,500,000 |  |  |  | (110,397 | )
Loan #8(1) |  |  | — |  |  |  | — |  |  |  | 937,700 |  |  |  | — |
Loan #9 |  |  | — |  |  |  | — |  |  |  | 500,000 |  |  |  | — |
Loan #10 |  |  | — |  |  |  | (95,094 | ) |  |  | — |  |  |  | — |
Total |  | $ | — |  |  | $ | (381,008 | ) |  | $ | 10,037,700 |  |  | $ | (8,660,972 | )
| (1) | Loan #8 was forgiven by the federal government during the fourth quarter of 2020.
Schedule of principal payments due under debt outstanding |
|  | During the Six-Month Period Ending December 31, |  |  | During the Years Ending December 31, |  |  |
|  | 2021 |  |  | 2022 |  |  | 2023 |  |  | 2024 |  |  | 2025 |  |  | 2026 |  |  | Thereafter |  |  | Total |
Loan #6 |  | $ | 58,354 |  |  | $ | 120,291 |  |  | $ | 124,629 |  |  | $ | 128,725 |  |  | $ | 133,768 |  |  | $ | 138,592 |  |  | $ | 3,618,138 |  |  | $ | 4,322,497 |
Loan #7 |  |  | 232,199 |  |  |  | 477,220 |  |  |  | 494,433 |  |  |  | 512,102 |  |  |  | 530,738 |  |  |  | 549,881 |  |  |  | 140,525 |  |  |  | 2,937,098 |
Loan #9 |  |  | — |  |  |  | 22,160 |  |  |  | 91,446 |  |  |  | 96,104 |  |  |  | 101,001 |  |  |  | 106,146 |  |  |  | 83,143 |  |  |  | 500,000 |
Loan #10 |  |  | 96,677 |  |  |  | 198,710 |  |  |  | 205,877 |  |  |  | 213,217 |  |  |  | 220,994 |  |  |  | 228,965 |  |  |  | 240,466 |  |  |  | 1,404,906 |
Subtotal |  |  | 387,230 |  |  |  | 818,381 |  |  |  | 916,385 |  |  |  | 950,148 |  |  |  | 986,501 |  |  |  | 1,023,584 |  |  |  | 4,082,272 |  |  |  | 9,164,501 |
Debt issuance costs |  |  | (3,920 | ) |  |  | (6,175 | ) |  |  | (5,768 | ) |  |  | (5,768 | ) |  |  | (5,769 | ) |  |  | (5,768 | ) |  |  | (8,663 | ) |  |  | (41,831 | )
Total |  | $ | 383,310 |  |  | $ | 812,206 |  |  | $ | 910,617 |  |  | $ | 944,380 |  |  | $ | 980,732 |  |  | $ | 1,017,816 |  |  | $ | 4,073,609 |  |  | $ | 9,122,670 |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=124435984&loc=d3e28541-108399 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21506-112644 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69B -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69E -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495743-112612 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21521-112644 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21538-112644 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123599511&loc=d3e64711-112823 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21475-112644 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration