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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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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.

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Tabular disclosure of maturity and sinking fund requirement for long-term debt.

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