RE:One Page Says it all - see image below (SNS Q2)Long Term Debt:
Interest only line of credit loan payable at 5.25%, outstanding amounts on this note is due in full on February 20, 2021, secured by outstanding Accounts Receivables.
$2,809,919 vs $628,125 (June 30, 2020 VSDecember 31, 2019)
SBA Payroll Protection Program loan (See also Note 13e) $416,153
Total $ 8,764,238 $ 2,817,046 (June 30, 2020 vs December 31, 2019)
Annual aggregate repayments of the long-term debt are as follows:
2020 $ 510,706
2021 3,850,598
2022 875,283
2023 3,040,663
2024 56,332
2025 430,656
Total :$ 8,764,238