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Debt (Tables) | 12 Months Ended
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Dec. 31, 2018
Debt Disclosure [Abstract] |
Principal payments due on long-term debt | The current terms and conditions of long-term debt outstanding at December 31, 2018 and 2017, are as follows:
|  | Interest rate |  | Monthly repayment |  | Maturity date |  | 2018 |  | 2017
ACOA AIF grant (C$2,871,919) |  | 0% |  | Royalties |  | - |  | $ | 2,106,840 |  |  | $ | 2,287,771 |
ACOA term loan (C$337,000) |  | 0% |  | C$3,120 |  | June 2026 |  | 203,735 |  |  | 251,056 |
Kubota Canada Ltd (C$95,961) |  | 0% |  | C$1,142 |  | Jan 2025 |  | 61,178 |  |  | — |
PEI Finance term loan (C$2,717,093) |  | 4% |  | C$4,333 |  | July 2021 |  | 1,219,681 |  |  | 545,387 |
Total debt |  |  |  |  |  |  |  | $ | 3,591,434 |  |  | $ | 3,084,214 |
less: current portion |  |  |  |  |  |  |  | (71,613 | ) |  | (49,794 | )
Long-term debt |  |  |  |  |  |  |  | $ | 3,519,821 |  |  | $ | 3,034,420 |
Terms and conditions of long-term debt | Principal payments due on the long-term debt are as follows:
Year |  | AIF |  | ACOA |  | Kubota |  | FPEI |  | Total |
2019 |  | $ | — |  |  | $ | 27,466 |  |  | $ | 10,057 |  |  | $ | 34,090 |  |  | $ | 71,613 |  |
2020 |  | — |  |  | 27,466 |  |  | 10,057 |  |  | 42,034 |  |  | 79,557 |  |
2021 |  | — |  |  | 27,466 |  |  | 10,057 |  |  | 43,746 |  |  | 81,269 |  |
2022 |  | — |  |  | 27,466 |  |  | 10,057 |  |  | 45,529 |  |  | 83,052 |  |
2023 |  | — |  |  | 27,466 |  |  | 10,057 |  |  | 1,054,282 |  |  | 1,091,805 |  |
Thereafter |  | 2,106,840 |  |  | 66,405 |  |  | 10,893 |  |  | — |  |  | 2,184,138 |  |
Total |  | $ | 2,106,840 |  |  | $ | 203,735 |  |  | $ | 61,178 |  |  | $ | 1,219,681 |  |  | $ | 3,591,434 |  |

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- 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=6877327&loc=d3e13212-122682 Reference 2: 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=114775744&loc=d3e28541-108399 Reference 3: 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=109259400&loc=d3e21506-112644 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 5: 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=114775744&loc=d3e28551-108399 Reference 6: 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=109259400&loc=d3e21521-112644 Reference 7: 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=109259400&loc=d3e21538-112644 Reference 8: 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=75038535&loc=d3e64711-112823 Reference 9: 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 10: 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=109259400&loc=d3e21475-112644 + Details
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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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