Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2020

Long-term debt consisted of the following:



Note Description	June 30, 2020			December 31, 2019
Senior Secured Debenture (GF Comstock 2) - 11% interest, due Dec 2020.	$	4,756,901		$	4,929,277
Note Payable (Caterpillar Financial Services) - 5.75% interest.	541,116			645,891
Total debt	5,298,017			5,575,168
Less: long-term debt discounts and issuance costs	(79,344		)	(163,094		)
Total debt, net of discounts and issuance costs	5,218,673			5,412,074
Less: current maturities	(5,032,252		)	(328,068		)
Long-term debt, net of discounts and issuance costs	$	186,421		$	5,084,006

- 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