Schedule of Long-Term Debt Obligations |
Long-term debt at December 31, 2020 and 2019 consisted of the following: | | | | | | | | | | | | | 2020 | | 2019 | Senior Secured Debenture (GF Comstock 2) - 11% interest, paid in 2020 | $ | — | | | $ | 4,929,277 | | Georges Trust Unsecured Promissory Notes - 12% interest, due September 2021 | 1,389,014 | | | | Concorde Trust Unsecured Promissory Notes - 12% interest, due September 2021 | 683,263 | | | — | | Bean Trust Unsecured Promissory Note - 12% interest, due September 2021 | 290,386 | | | — | | GHF Inc Unsecured Promissory Note - 12% interest, due September 2021 | 916,712 | | | — | | Note Payable (Caterpillar Financial Services) - 5.7% interest. | 404,373 | | | 645,891 | | Total debt | 3,683,748 | | | 5,575,168 | | Less: long-term debt discounts and deferred issuance costs | (126,043) | | | (163,094) | | Total debt, net of discounts and deferred issuance costs | 3,557,705 | | | 5,412,074 | | Less: current portion of long-term debt | (3,557,705) | | | (328,068) | | Long-term debt, net of discounts and deferred issuance costs | $ | — | | | $ | 5,084,006 | |
|