Quarterly report pursuant to Section 13 or 15(d)

Debt Obligations

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Debt Obligations
 3 Months Ended
Mar. 31, 2020
Debt Disclosure [Abstract]  
Debt Obligations

8. DEBT OBLIGATIONS

 

The Company’s debt obligations are summarized below:

 

    March 31, 2020     December 31, 2019  
    Principal     Interest [1]     Total     Principal     Interest [1]     Total  
                                     
2010 Debt Obligations   $ -     $ 311,505     $ 311,505     $ -     $ 305,294     $ 305,294  
2017 Notes     1,170,354       190,649       1,361,003       1,170,354       167,341       1,337,695  
Gaucho Notes     100,000       8,003       108,003       100,000       6,260       106,260  
Total Debt Obligations   $ 1,270,354     $ 510,157     $ 1,780,511     $ 1,270,354     $ 478,895     $ 1,749,249  

 

[1] Accrued interest is included as a component of accrued expenses on the accompanying condensed consolidated balance sheets.

 

Each of the debt obligations listed above are past due and are payable on demand. The Company incurred interest expense of $31,262 and $68,017 in connection with its debt obligations during the three months ended March 31, 2020 and 2019, respectively.