Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2019

Long-term debt consisted of the following:



Note Description	September 30, 2019			December 31, 2018
Senior Secured Debenture (GF Comstock 2) - 11% interest, due 2021.	$	6,419,112		$	8,872,663
Note Payable (Caterpillar Financial Services) - 5.75% interest.	725,021			955,845
Total debt	7,144,133			9,828,508
Less: long-term debt discounts and issuance costs	(201,895		)	(660,795		)
Total debt, net of discounts and issuance costs	6,942,238			9,167,713
Less: current maturities	(323,415		)	(309,843		)
Long-term debt, net of discounts and issuance costs	$	6,618,823		$	8,857,870

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details