Quarterly report pursuant to Section 13 or 15(d)

LONG-TERM DEBT (Tables)

v3.5.0.2
LONG-TERM DEBT (Tables)
6 Months Ended
Jun. 30, 2016
Debt Disclosure [Abstract]  
Schedule of Long-term Debt

Long-term debt consisted of the following at:

 

 

 

June 30,

2016

 

 

December 31,

2015

 

Prime Table Games, note payable, net of debt discount

 

$

9,068,129

 

 

$

10,934,544

 

Carpathia Associates, related party note payable

 

 

544,745

 

 

 

579,083

 

Vehicles, notes payable

 

 

62,537

 

 

 

70,664

 

Robert Saucier, related party note payable

 

 

 

 

 

500,000

 

 

 

 

9,675,411

 

 

 

12,084,291

 

Less: Current portion

 

 

(3,998,548

)

 

 

(4,648,120

)

Total long-term debt

 

$

5,676,863

 

 

$

7,436,171

 

 

Schedule of Maturities

Maturities of our notes payable are as follows:

 

Maturities as of

June 30,

 

Total

 

2017

 

 

3,998,548

 

2018

 

 

4,268,580

 

2019

 

 

1,937,699

 

2020

 

 

9,582

 

Total notes payable

 

$

10,214,409

 

Less: debt discount

 

 

(538,998

)

Notes payable, net of debt discount

 

$

9,675,411