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

9 Months Ended

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

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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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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

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