Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2020

Long-term debt consisted of the following:


Note Description	September 30, 2020		December 31, 2019
Senior Secured Debenture (GF Comstock 2) - 11% interest, due Dec 2020	$	—	$	4,929,277
Concorde Trust Unsecured Promissory Note - 12% interest, due 2021	3,679,680		—
Bean Trust Unsecured Promissory Note - 12% interest, due 2021	636,256		—
Scott H. Jolcover Unsecured Promissory Note - 12% interest, due 2021	159,064		—
Caterpillar Financial Services Unsecured Note Payable - 5.75% interest, due 2021	511,047		645,891
Total debt	4,986,047		5,575,168
Less: debt discounts and issuance costs	(220,793)		(163,094)
Total debt, net of discounts and issuance costs	4,765,254		5,412,074
Less: current maturities	(4,690,155)		(328,068)
Long-term debt, net of discounts and issuance costs	$	75,099	$	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