| SCHEDULE OF MORTGAGES PAYABLE |
At
September 30, 2020 and December 31, 2019, mortgage balances, including accrued but unpaid interest, were comprised of the following:
SCHEDULE OF MORTGAGES PAYABLE
| |
|
September
30,
2020 |
|
|
December
31,
2019 |
|
| Bank
of New England – Massachusetts properties |
|
$ |
12,912,723
|
|
|
$ |
4,825,226 |
|
| Bank
of New England – Delaware property |
|
|
1,602,730
|
|
|
|
1,682,275 |
|
| DuQuoin
State Bank – Illinois properties |
|
|
822,245
|
|
|
|
829,229 |
|
| South
Porte Bank – Illinois property |
|
|
906,653
|
|
|
|
- |
|
| Total
mortgages payable |
|
|
16,244,351
|
|
|
|
7,336,730 |
|
| Mortgages
payable, current portion |
|
|
(1,379,541 |
) |
|
|
(223,888 |
) |
| Mortgages
payable, less current portion |
|
$ |
14,864,810 |
|
|
$ |
7,112,842 |
|
|
| SCHEDULE OF AGGREGATE MATURITIES OF DEBT OUTSTANDING |
SCHEDULE OF AGGREGATE MATURITIES OF DEBT OUTSTANDING
| 2020 |
|
$ |
2,808,883 |
|
| 2021 |
|
|
11,024,306 |
|
| 2022 |
|
|
12,268,122 |
|
| 2023 |
|
|
544,571 |
|
| 2024 |
|
|
577,281 |
|
| Thereafter |
|
|
13,110,191 |
|
| Total |
|
|
40,333,354 |
|
| Less discounts |
|
|
(994,591 |
) |
| |
|
$ |
39,338,763 |
|
|