Annual report pursuant to Section 13 and 15(d)

Schedule of Long Term Debt (Tables)

v3.3.1.900
Schedule of Long Term Debt (Tables)
12 Months Ended
Dec. 31, 2015
Schedule of Long Term Debt (Tables)  
Schedule of Long Term Debt (Tables)

Long term debt at December 31, 2015 and 2014 consists of the following:

 

 

 

2015

 

2014

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

$

1,069

$

7,168

 

 

 

 

 

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

 

-

 

4,087

 

 

 

 

 

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

 

29,384

 

38,905

 

 

 

 

 

 Total notes payable

 

30,453

 

50,160

 

 

 

 

 

 Less: Current maturities

 

(10,841)

 

(18,911)

 

 

 

 

 

 

$

19,612

$

31,249