Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.19.3
Debt (Tables)
 9 Months Ended
Sep. 30, 2019
Debt Disclosure [Abstract]  
Schedule of Mortgages Payable

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

 

    September 30, 2019     December 31, 2018  
Bank of New England – Massachusetts property   $ 4,851,665     $ 4,895,000  
Bank of New England – Delaware property     1,707,942       1,791,736  
DuQuoin State Bank – Illinois properties     835,035       850,076  
Total mortgages payable     7,394,642       7,536,812  
Mortgages payable, current portion     (220,257 )     (188,231 )
Mortgages payable, less current portion   $ 7,174,385     $ 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 11 – Debt, and the convertible debentures described in the following Note 12 – Debentures Payable, as of September 30, 2019 were:

 

2019   $ 8,439,091  
2020     14,343,484  
2021     10,262,710  
2022     280,830  
2023     300,248  
Thereafter     6,248,279  
Total     39,874,642  
Less discounts     (5,528,985 )
    $ 34,345,657