Quarterly report pursuant to Section 13 or 15(d)

Schedule of Long Term Debt (Tables)

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Schedule of Long Term Debt (Tables)
6 Months Ended
Jun. 30, 2015
Schedule of Long Term Debt (Tables)  
Schedule of Long Term Debt (Tables)

Long term debt

 

 

 

June 30,

2015

 

December 31, 2014

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

$

4,180

$

7,168

 

 

 

 

 

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

 

1,385

 

4,087

 

 

 

 

 

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

 

34,172

 

38,905

 

 

 

 

 

     Total notes payable

 

39,737

 

50,160

 

 

 

 

 

     Less:  Current maturities

 

(14,375)

 

(18,911)

 

 

 

 

 

 

$

25,362

$

31,249