Annual report pursuant to Section 13 and 15(d)

Note 17 - Long Term Debt and revolving line of credit: Schedule of Long term debt and revolving line of credit (Tables)

v3.8.0.1
Note 17 - Long Term Debt and revolving line of credit: Schedule of Long term debt and revolving line of credit (Tables)
12 Months Ended
Dec. 31, 2017
Tables/Schedules  
Schedule of Long term debt and revolving line of credit

 

 

 

2017

 

2016

Commercial credit agreement with Bond Street Servicing, LLC at 11.6% interest per

annum, semi-monthly payments of $1,648, maturing October 16, 2019. Net of

$2,390 and $3,723 loan service fee.

$

62,659

$

91,488

 

 

 

 

 

Auto loan through Hyundai Motor Finance, interest at 2.99% per annum,

monthly principle and interest payments of $878, maturing December 2018.

 

-

 

6,004

 

 

 

 

 

Total notes payable

 

62,659

 

97,492

 

 

 

 

 

Less: Current maturities

 

(33,854)

 

(28,226)

 

$

28,805

$

69,266