Debentures payable and accrued interest: $11.4 million Loans from shareholders: $2.2 million
Outstanding Debentures
Principal: $9,681,118 Interest: $1,780,924 Total outstanding: $11,462,042
Outstanding debentures need to be paid back. They have $11.4 million in debentures alone, not accounting for their other liabilities that bring it up to $16 million.