| Schedule of long-term debt |
| |
|
March 31,
2019 |
|
|
December 31,
2018 |
|
| 3.0% note payable to a lender in relation to a four-year vehicle loan for the purchase of a truck used in operations. |
|
$ |
16,654 |
|
|
$ |
24,275 |
|
| Revolving credit note with a lender for a $15,000,000 credit loan with a maturity date of August 23, 2020. Interest on the principal balance outstanding on the Note is due monthly at a rate of LIBOR plus 3.50% per annum. |
|
|
325,000 |
|
|
|
- |
|
| Credit note with a lender for the purchase of the Company’s corporate headquarters building with a maturity date of October 1, 2025. Interest on the principal balance outstanding on the note is due monthly at a rate of LIBOR plus 2.39% per annum. |
|
|
8,425,717 |
|
|
|
8,459,800 |
|
| Convertible notes issued in December 2018 and in January 2019 |
|
|
60,312,500 |
|
|
|
40,200,000 |
|
| |
|
|
69,079,871 |
|
|
|
48,684,075 |
|
| Less unamortized debt issuance costs |
|
|
(134,356 |
) |
|
|
(139,459 |
) |
| Less current portion of long-term debt |
|
|
(171,117 |
) |
|
|
(168,273 |
) |
| Long-term debt, net, excluding operating leases and finance leases |
|
$ |
68,774,398 |
|
|
$ |
48,376,343 |
|
|