Annual report pursuant to Section 13 and 15(d)

Debt (Tables)

v3.20.1
Debt (Tables)
12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Mortgages Payable

At December 31, 2019 and 2018, mortgage balances, including accrued but unpaid interest, were comprised of the following:

 

    2019     2018  
Bank of New England – Massachusetts property   $ 4,825,226     $ 4,895,000  
Bank of New England – Delaware property     1,682,275       1,791,736  
DuQuoin State Bank – Illinois properties     829,229       850,076  
Total mortgages payable     7,336,730       7,536,812  
Mortgages payable, current portion     (223,889 )     (188,231 )
Mortgages payable, less current portion   $ 7,112,842     $ 7,348,581  

Schedule of Aggregate Maturities of Debt Outstanding

As of December 31, 2019, the aggregate scheduled maturities of the Company’s total debt outstanding, inclusive of the promissory notes and mortgages described within this Note 11 – Debt, and the convertible debentures described in the following Note 12 – Debentures Payable, were:

 

2020   $ 21,433,484  
2021     11,262,710  
2022     280,830  
2023     300,248  
2024     320,702  
Thereafter     5,822,397  
Total     39,420,370  
Less discounts     (3,135,686 )
    $ 36,284,684