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Notes Payable, Related Party Notes Payable and Finance Lease Obligations (Tables) | 9 Months Ended
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Sep. 30, 2020
Notes and Loans Payable [Abstract] |
Schedule of notes payable, related party notes payable and finance lease obligations |
|  | September 30, |  |  | December 31, |
|  | 2020 |  |  | 2019 |
|  | (unaudited) |  |  |  |
Revolving credit note payable to Sterling National Bank ("SNB") |  | $ | 15,883,000 |  |  | $ | 12,543,000 |
Term loan, SNB |  |  | 3,386,000 |  |  |  | 3,800,000 |
Finance lease obligations |  |  | 12,000 |  |  |  | 22,000 |
Loans Payable - financed assets |  |  | 220,000 |  |  |  | 385,000 |
Related party notes payable, net of debt discount |  |  | 6,018,000 |  |  |  | 6,862,000 |
Convertible notes payable-third parties, net of debt discount |  |  | 1,440,000 |  |  |  | 2,338,000 |
SBA loans |  |  | 2,414,000 |  |  |  | - |
Subtotal |  |  | 29,373,000 |  |  |  | 25,950,000 |
Less: Current portion of notes payable, related party notes payable and finance lease obligations |  |  | (22,234,000 | ) |  |  | (22,544,000 | )
Notes payable, related party notes payable and finance lease obligations, net of current portion |  | $ | 7,139,000 |  |  | $ | 3,406,000 |
Schedule of payments for the term note |
For the twelve months ending |  | Amount |
December 31, 2020 (remainder of the year) |  | $ | 136,000 |
December 31, 2021 |  |  | 543,000 |
December 31, 2022 |  |  | 2,759,000 |
SNB Term Loans payable |  |  | 3,438,000 |
Less: debt issuance costs |  |  | (52,000 | )
Total SNB Term loan payable, net of debt issuance costs |  |  | 3,386,000 |
Less: Current portion of SNB term loan payable |  |  | 3,386,000 |
Total long-term portion of SNB term loan payable |  | $ | - |
Schedule of future minimum loans payments |
For the twelve months ending |  | Amount |
December 31, 2020 (remainder of the year) |  | $ | 75,000 |
December 31, 2021 |  |  | 106,000 |
December 31, 2022 |  |  | 9,000 |
December 31, 2023 |  |  | 9,000 |
December 31, 2024 |  |  | 9,000 |
Thereafter |  |  | 12,000 |
Loans Payable - financed assets |  |  | 220,000 |
Less: Current portion |  |  | 179,000 |
Long-term portion |  | $ | 41,000 |
Schedule of SBA Loans future minimum loan payments |
For the twelve months ending |  | Amount |
December 31, 2020 (remainder of the year) |  | $ | 133,000 |
December 31, 2021 |  |  | 1,607,000 |
December 31, 2022 |  |  | 674,000 |
Total SBA Loans |  |  | 2,414,000 |
Less: Current portion of SBA Loans |  |  | 1,337,000 |
Long-term portion of SBA Loans |  | $ | 1,077,000 |

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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=121616839&loc=d3e45280-112737 + Details
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