Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.20.1
Debt (Tables)
 3 Months Ended
Mar. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Mortgages Payable

At March 31, 2020 and December 31, 2019, mortgage balances, including accrued but unpaid interest, were comprised of the following:

 

    March 31,
2020		     December 31,
2019		  
Bank of New England – Massachusetts property   $ 4,797,229     $ 4,825,226  
Bank of New England – Delaware property     1,656,009       1,682,275  
DuQuoin State Bank – Illinois properties     823,111       829,229  
South Porte Bank – Illinois property     235,900       -  
Total mortgages payable     7,512,249       7,336,730  
Mortgages payable, current portion     (483,890 )     (223,888 )
Mortgages payable, less current portion   $ 7,028,359     $ 7,112,842  

Schedule of Aggregate Maturities of Debt Outstanding

As of March 31, 2020, the aggregate scheduled maturities of the Company’s total debt outstanding, inclusive of the promissory notes and mortgages described within this Note 9 – Debt, and the convertible debentures described in the following Note 10 – Debentures Payable, were:

 

2020   $ 20,573,436  
2021     16,080,223  
2022     280,844  
2023     300,263  
2024     320,718  
Thereafter     5,928,365  
Total     43,483,849  
Less discounts     (3,207,331 )
    $ 40,276,518