General form of registration statement for all companies including face-amount certificate companies

Debt Obligations (Tables)

v3.20.2
Debt Obligations (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2020
Dec. 31, 2019
Debt Disclosure [Abstract]    
Schedule of Debt Obligations

The Company’s debt obligations are summarized below:

 

    September 30, 2020     December 31, 2019  
    Principal     Interest [1]     Total     Principal     Interest [1]     Total  
                                     
2010 Debt Obligations   $ -     $ 324,121     $ 324,121     $ -     $ 305,294     $ 305,294  
2017 Notes     1,170,354       237,521       1,407,875       1,170,354       167,341       1,337,695  
Gaucho Notes     100,000       11,508       111,508       100,000       6,260       106,260  
Total Debt Obligations   $ 1,270,354     $ 573,150     $ 1,843,504     $ 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.

The Company’s debt obligations as of December 31, 2019 and 2018 are summarized below:

 

    December 31, 2019     December 31, 2018  
    Principal     Interest [1]     Total     Principal     Interest [1]     Total  
                                     
2010 Debt Obligations   $ -     $ 305,294     $ 305,294     $ -     $ 279,735     $ 279,735  
2017 Notes     1,170,354       167,341       1,337,695       1,251,854       75,013       1,326,867  
Gaucho Notes     100,000       6,260       106,260       1,480,800       18,787       1,499,587  
Total Debt Obligations   $ 1,270,354     $ 478,895     $ 1,749,249     $ 2,732,654     $ 373,535     $ 3,106,189  

 

[1] Accrued interest is included as a component of accrued expenses on the accompanying consolidated balance sheets (see Note 8 – Accrued Expenses).