Quarterly report pursuant to Section 13 or 15(d)

11. Debt (Tables)

v3.5.0.2
11. Debt (Tables)
9 Months Ended
Sep. 30, 2016
Notes to Financial Statements  
Components of notes payable non-related parties

 

    September 30,     December 31,  
    2016     2015  
             
Subordinated Notes   $ 33,645,865     $ 34,160,200  
Unamortized discount on Subordinated Notes     (1,450,745 )     (1,697,091 )
Unamortized debt issuance costs     (836,760 )     (981,584 )
Total notes payable - non-related parties     31,358,360       31,481,525  
Less: current portion     (685,780 )     (685,780 )
Long-term portion   $ 30,672,580     $ 30,795,745  

 

Related Party Note Payable

 

    September 30,     December 31,  
    2016     2015  
Notes payable to Marvin Rosen   $ 1,178,082     $ 1,178,082  
Discount on note     (65,637 )     (103,253 )
Total notes payable - related parties   $ 1,112,445     $ 1,074,829