| Schedule of Long-Term Debt Obligations |
Debt at December 31, 2021 and 2020 consisted of the following: | | | | | | | | | | | | | December 31, 2021 | | December 31, 2020 | GHF Secured Promissory Note – 6% interest, due December 15, 2024 | $ | 5,000,000 | | | $ | — | | 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 | | | Total debt | 5,000,000 | | | 3,683,748 | | | Less: debt discounts and issuance costs | (513,744) | | | (126,043) | | | Total debt, net of discounts | 4,486,256 | | | 3,557,705 | | | Less: current maturities | — | | | (3,557,705) | | | Long-term debt, net of discounts and issuance costs | $ | 4,486,256 | | | $ | — | |
Debt at March 31, 2022 and December 31, 2021 consisted of the following: | | | | | | | | | | | | | March 31, 2022 | | December 31, 2021 | GHF Secured Promissory Note – 6% interest, due December 15, 2024 | $ | 5,000,000 | | | $ | 5,000,000 | | | Less: debt discounts and issuance costs | (470,932) | | | (513,744) | | | Total debt, net of discounts and issuance costs | 4,529,068 | | | 4,486,256 | |
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