Long Term Debt (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of Loan Covenants

Continuity	September 30, 2020			December 31, 2019
Balance, January 1	$	4,380,393			4,351,743
Plus: Proceeds from loans		537,960			1,100,000
Less: Payments on loan		(1,353,956	)		(1,071,350	)
Balance, end of period	$	3,564,397		$	4,380,393

Schedule of Outstanding Balance Loan

Outstanding balance	September 30, 2020			December 31, 2019
a) Long term debt – Harris Bank	$	-		$	-
b) Long term debt – Harris Bank		1,977,381			3,116,667
c) Long term debt – Harris Bank		916,667			1,100,000
d) Long term debt – Midland States Bank		132,389			152,241
e) Long term debt – Ford Credit		-			11,485
f) Long term debt – PPP		322,000
g) Long term debt – PPP		215,960
Long-term Debt	$	3,564,397		$	4,380,393
Less: current portion		(958,610	)		(1,196,722	)
	$	2,605,787		$	3,183,671

Promissory Note One With Harris Bank [Member]

Schedule of Interest Loan Repayment

The Company has committed to the following repayments:

2020	$	885,714
2021	$	585,714
2022	$	585,714
2023	$	585,714
2024	$	473,811

Promissory Note Two With Harris Bank [Member]

Schedule of Interest Loan Repayment

2020	$	252,083
2021	$	275,000
2022	$	275,000
2023	$	275,000
2024	$	22,917

Promissory Note With Midland States Bank [Member]

Schedule of Interest Loan Repayment

The Company has committed to the following repayments:

2020	$	25,562
2021	$	25,562
2022	$	25,562
2023	$	25,562
2024	$	25,562