Note 19 - Long Term Debt

Note 19 - Long Term Debt

3 Months Ended

Mar. 31, 2018

Note 19 - Long term debt

Long term debt

Long term debt consists of the following:

		March 31, 2018		December 31, 2017
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 $2,057 and $2,390 unamortized loan service fee, respectively.	$	54,870	$	62,659

Total notes payable		54,870		62,659

Less: Current maturities		(34,790)		(33,854)

	$	20,080	$	28,805

Commercial credit agreement with Bond Street Servicing, LLC

WCI entered into a commercial credit agreement with Bond Street Servicing, LLC which required a $4,000 loan service fee that is being amortized as additional interest over the life of the loan on a straight line basis.

Quarterly report pursuant to Section 13 or 15(d)

Note 19 - Long Term Debt