Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

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Debt (Tables)
9 Months Ended
Sep. 30, 2018
Debt Disclosure [Abstract]  
Schedule of Debt Obligation

The carrying values of our debt obligations, net of unamortized debt issuance costs of $347,005 and $0 as of September 30, 2018 and December 31, 2017, respectively, are as follows:

 

    September 30, 2018     December 31, 2017  
    Short Term     Long Term     Short Term     Long Term  
Demand Promissory Note   $ 8,189,013     $     $     $  
Vendor equipment financing     3,995,190       591,782       7,047,020       1,172,712  
Insurance financing     136,134                    
Total   $ 12,320,337     $ 591,782     $ 7,047,020     $ 1,172,712  

Schedule of Debt Future Minimum Payments

The total future minimum payments due on our vendor equipment financings as of September 30, 2018 are noted as follows:

 

2018   $ 3,258,082  
2019     896,736  
2020     416,743  
2021     12,209  
2022 and thereafter     3,202  
Total payments   $ 4,586,972