General form of registration statement for all companies including face-amount certificate companies

Government Loans (Tables)

v3.22.0.1
Government Loans (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2021
Dec. 31, 2020
Government Loans    
Schedule of loans
               
    September 30, 2021   December 31, 2020
         
Principal outstanding   $ 635,855     $ 679,866  
Deferred loan costs, net of amortization     (3,724 )     (4,408 )
Subtotal     632,131       675,458  
Less current portion     (77,278 )     (53,858 )
                 
Total long term portion   $ 554,853     $ 621,600  
       
    December
31, 2020
Principal outstanding   $ 679,866  
Deferred loan costs, net of amortization     (4,408 )
Subtotal     675,458  
Less current portion     (53,858 )
         
Total long term portion   $ 621,600  
Schedule of Expected payments  
       
Payments expected for year ended   December 31,
2020
2021   $ 60,087  
2022     194,110  
2023     194,110  
2024     77,615  
2025     58,860  
thereafter     219,712  
Subtotal     804,494  
Less interest portion     (124,628 )
         
Total debt balance   $ 679,866