Subsequent events |
9 Months Ended |
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Sep. 30, 2016 | |
| Subsequent events: | |
| Subsequent events |
Note 24 – Subsequent event
On August 8, 2016, the Company received a payment on the loan to the counterparty of the investment in account receivable, described in Note 5, of $44,678 plus accrued interest of $322.
On October 14, 2016, WCI entered into a commercial credit agreement with Bond Street Servicing, LLC to borrow $100,000 at 11.6% annual interest, with semi-monthly payments of $1,648, maturing October 16, 2019. Proceeds of the loan were used to pay off the line of credit with Bank of America.
On October 26, 2016, the Company paid the $28,498 loan due to LoanMe, Inc. in full.
From October 1, 2016 to November 4, 2016, the Company received approximately $405,079 from partial warrant redemptions, see Note 9.
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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