Annual report pursuant to Section 13 and 15(d)

Schedule of Long Term Debt (Tables)

v2.4.1.9
Schedule of Long Term Debt (Tables)
12 Months Ended
Dec. 31, 2014
Schedule of Long Term Debt (Tables)  
Schedule of Long Term Debt (Tables)

Long term debt

 

 

 

2014

 

2013

Two auto loans through Compass bank, interest at 7.99% per annum, monthly principle and interest payments of $538, maturing February 2016

 

$           7,168

 

 

 

 

 

 

 

Auto loan through Ford Credit, interest at 6.64% per annum, monthly principle and interest payments of $467, maturing October 2015

 

4,088

 

 

 

 

 

 

 

Auto loan through Hyundai Motor Finance, interest at 2.99% per annum, monthly principle and interest payments of $878, maturing December 2018.

 

38,905

 

 

 

 

 

 

 

     Total notes payable

 

50,160

 

 

 

 

 

 

 

     Less:  Current maturities

 

(18,911)

 

 

 

 

 

 

 

 

 

31,249