Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.19.2
Debt (Tables)
 6 Months Ended
Jun. 30, 2019
Debt Disclosure [Abstract]  
Schedule of Mortgages Payable

At June 30, 2019 and December 31, 2018, mortgage balances, including accrued but unpaid interest, were comprised of the following:

 

    June 30,
2019 		    December 31,
2018 		 
Bank of New England – Massachusetts property   $ 4,877,624     $ 4,895,000  
Bank of New England – Delaware property     1,742,619       1,791,736  
DuQuoin State Bank – Illinois properties     837,556       850,076  
Total mortgages payable     7,457,799       7,536,812  
Mortgages payable, current portion     (238,386 )     (188,231 )
Mortgages payable, less current portion   $ 7,219,413     $ 7,348,581  
Schedule of Aggregate Maturities of Debt Outstanding

The aggregate scheduled maturities of the Company’s total debt outstanding, inclusive of the promissory notes and mortgages described within this Note 12 – Debt, and the convertible debentures described in the following Note 12 – Debentures Payable, as of June 30, 2019 were:

 

2019   $  10,496,536  
2020      16,495,007  
2021     7,762,293  
2022      280,348  
2023      299,689  
Thereafter      6,262,463  
Total     41,596,336  
Less discounts     (6,557,932 )
    $ 35,038,404