Schedule of Debt |
The
following table presents details of our notes payable as of June 30, 2023 and December 31, 2022:
Schedule
of Debt
Facility | |
Maturity | | |
Interest Rate | | |
Balance at June 30, 2023 | | |
Balance at December 31, 2022 | |
ACOA Note | |
| February 1, 2024 | | |
| — | | |
| 18,096 | | |
| 34,231 | |
TD Bank | |
| December 31, 2023 | | |
| — | | |
| 30,223 | | |
| 29,478 | |
Related Party Note | |
| various | | |
| 15 | % | |
| 4,983,720 | | |
| 5,192,461 | |
Total Debt | |
| | | |
| | | |
| 5,032,039 | | |
| 5,256,170 | |
Less current portion | |
| | | |
| | | |
| (1,379,346 | ) | |
| (2,743,788 | ) |
Long-term debt, net of current portion | |
| | | |
| | | |
$ | 3,652,693 | | |
$ | 2,512,382 | |
|