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v3.22.1

Debt (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2022
Debt [Abstract] |
Terms and Conditions of Long-term Debt Outstanding |
|  | Interest ‎rate |  | Monthly ‎repayment |  | Maturity ‎date |  | March 31, 2022 |  | December 31, 2021
ACOA AIF Grant |  | 0% |  | Royalties |  | - |  | $ | 2,296,099 |  | $ | 2,261,349
ACOA term loan #1 |  | 0% |  | C$3,120 |  | Feb 2027 |  |  | 147,204 |  |  | 152,346
ACOA term loan #2 |  | 0% |  | C$4,630 |  | Sep 2029 |  |  | 333,120 |  |  | 339,015
ACOA term loan #3 |  | 0% |  | C$6,945 |  | Dec 2025 |  |  | 199,875 |  |  | 196,850
Kubota Canada Ltd |  | 0% |  | C$1,142 |  | Jan 2025 |  |  | 31,054 |  |  | 33,283
DFO term loan |  | 0% |  | C$2,091 |  | Aug 2032 |  |  | 411,935 |  |  | 405,700
PEI Finance term loan |  | 4% |  | C$16,313 |  | Nov 2023 |  |  | 1,957,755 |  |  | 1,947,510
First Farmers Bank & Trust term loan |  | 5.375% |  | $56,832 |  | Oct 2028 |  |  | 3,764,506 |  |  | 3,883,325
Total debt |  |  |  |  |  |  |  | $ | 9,141,548 |  | $ | 9,219,378
less: debt issuance costs |  |  |  |  |  |  |  |  | (64,430) |  |  | (68,680)
less: current portion |  |  |  |  |  |  |  |  | (657,828) |  |  | (627,365)
Long-term debt, net |  |  |  |  |  |  |  | $ | 8,419,290 |  | $ | 8,523,333
Principal Payments Due on Long-term Debt |
| Total
2022 (remainder of the year) | $ | 486,634
2023 |  | 2,595,928
2024 |  | 732,581
2025 |  | 752,978
2026 |  | 717,174
Thereafter |  | 3,856,253
Total | $ | 9,141,548

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