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Notes Payable, Related Party Notes Payable and Finance Lease Obligations (Tables)

3 Months Ended

Mar. 31, 2020

Notes and Loans Payable [Abstract]

Schedule of notes payable, related party notes payable and finance lease obligations

		March 31,				December 31,
		2020				2019
		(unaudited)
Revolving credit note payable to Sterling National Bank (“SNB”)		$	13,577,000			$	12,543,000
Term loan, SNB			3,645,000				3,800,000
Finance lease obligations			15,000				22,000
Loan Payable - financed asset			313,000				385,000
Related party notes payable, net of debt discount			5,923,000				6,862,000
Convertible notes payable-third parties, net of debt discount			1,437,000				2,338,000
Subtotal			24,910,000				25,950,000
Less: Current portion of notes payable and finance lease obligations			(8,178,000	)			(10,001,000	)
Notes payable, related party notes payable and finance lease obligations, net of current portion		$	16,732,000			$	15,949,000

Schedule of future minimum principal payments for the SNB term loan

For the twelve months ending		Amount
December 31, 2020 (remainder of the year)		$	406,000
December 31, 2021			543,000
December 31, 2022			2,760,000
SNB Term Loan payable			3,709,000
Less: debt issuance costs			(64,000	)
Total SNB Term Loan payable, net of debt issuance costs			3,645,000
Less: Current portion			543,000
Long-term portion		$	3,102,000

Schedule of future minimum loans payments

For the twelve months ending		Amount
December 31, 2020 (remainder of the year)		$	216,000
December 31, 2021			97,000
Loan Payable - Financed Asset			313,000
Less: Current portion			(289,000	)
Long-term portion		$	24,000

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- Definition

Tabular disclosure of future minimum loans payments as of the date of the latest balance sheet.

+ References

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- 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.

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- Definition

Tabular disclosure of future minimum lease payments as of the date of the latest balance sheet presented, in aggregate and for each of the five years succeeding fiscal years, with separate deductions from the total for the amount representing executor costs, including any profit thereon, included in the minimum lease payments and for the amount of the imputed interest necessary to reduce the net minimum lease payments to present value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=84164817&loc=d3e45280-112737

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