| Schedule of Loans Payable |
The Company’s loans
payable are summarized below:
| |
|
September 30, 2020 |
|
|
December 31, 2019 |
|
| |
|
Gross
Principal
Amount
|
|
|
Debt
Discount
|
|
|
Loans
Payable,
Net of
Debt
Discount
|
|
|
Gross
Principal
Amount
|
|
|
Debt
Discount
|
|
|
Loans
Payable,
Net of
Debt
Discount
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| PPP Loan |
|
$ |
242,487 |
|
|
$ |
- |
|
|
$ |
242,487 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| EIDL |
|
|
94,000 |
|
|
|
- |
|
|
|
94,000 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| 2020 Demand Loan |
|
|
16,278 |
|
|
|
- |
|
|
|
16,278 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| 2018 Demand Loan |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
6,678 |
|
|
|
- |
|
|
|
6,678 |
|
| 2018 Loan |
|
|
310,149 |
|
|
|
- |
|
|
|
310,149 |
|
|
|
352,395 |
|
|
|
- |
|
|
|
352,395 |
|
| 2017 Loan |
|
|
16,682 |
|
|
|
- |
|
|
|
16,682 |
|
|
|
67,491 |
|
|
|
- |
|
|
|
67,491 |
|
| Land Loan |
|
|
160,826 |
|
|
|
- |
|
|
|
160,826 |
|
|
|
468,500 |
|
|
|
(16,762 |
) |
|
|
451,738 |
|
| Total Loans Payable |
|
|
840,422 |
|
|
|
- |
|
|
|
840,422 |
|
|
|
895,064 |
|
|
|
(16,762 |
) |
|
|
878,302 |
|
| Less: current portion |
|
|
503,935 |
|
|
|
- |
|
|
|
503,935 |
|
|
|
795,064 |
|
|
|
(13,345 |
) |
|
|
781,719 |
|
| Loans Payable, non-current |
|
$ |
336,487 |
|
|
$ |
- |
|
|
$ |
336,487 |
|
|
$ |
100,000 |
|
|
$ |
(3,417 |
) |
|
$ |
96,583 |
|
|