Note 7: Debt (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

At September 30, 2020, the outstanding principal maturities of the amended long-term debts were as follows

At September 30, 2020, the outstanding principal maturities of the amended long-term debts were as follows:  

Years ending December 31,	Building Loan		PPP Loan*		Total
Remainder of 2020	$	31,833	$	176,080	$	207,913
2021		2,060,278		2,124,173		4,184,451
2022		—		891,447		891,447
Total	$	2,092,111	$	3,191,700	$	5,283,811
Short-Term Loans	$	2,092,111	$	1,767,185	$	3,859,296
Long-Term Loans	$	—	$	1,424,515	$	1,424,515

^* Based on the amortization schedule provided to us by the lender prior to the submission of the PPP Loan forgiveness application, see Note 7.