| SCHEDULE OF MORTGAGES PAYABLE |
At
June 30, 2020 and December 31, 2019, mortgage balances, including accrued but unpaid interest, were comprised of the following:
SCHEDULE OF MORTGAGES PAYABLE
| |
|
June
30,
2020 |
|
|
December
31,
2019 |
|
| Bank of New England –
Massachusetts property |
|
$ |
4,765,464 |
|
|
$ |
4,825,226 |
|
| Bank of New England – Delaware
property |
|
|
1,629,448 |
|
|
|
1,682,275 |
|
| DuQuoin State Bank – Illinois
properties |
|
|
829,466 |
|
|
|
829,229 |
|
| South Porte
Bank – Illinois property |
|
|
907,200 |
|
|
|
- |
|
| Total mortgages payable |
|
|
8,131,578 |
|
|
|
7,336,730 |
|
| Mortgages
payable, current portion |
|
|
(1,166,259 |
) |
|
|
(223,888 |
) |
| Mortgages
payable, less current portion |
|
$ |
6,965,319 |
|
|
$ |
7,112,842 |
|
|
| SCHEDULE OF AGGREGATE MATURITIES OF DEBT OUTSTANDING |
As
of June 30, 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:
SCHEDULE OF AGGREGATE MATURITIES OF DEBT OUTSTANDING
| 2020 |
|
$ |
23,137,288 |
|
| 2021 |
|
|
12,023,285 |
|
| 2022 |
|
|
285,694 |
|
| 2023 |
|
|
304,912 |
|
| 2024 |
|
|
325,145 |
|
| Thereafter |
|
|
5,913,720 |
|
| Total |
|
|
41,990,044 |
|
| Less
discounts |
|
|
(981,521 |
) |
| |
|
$ |
41,008,523 |
|
|