Equipment notes payable |
|
|
Current Balance |
|
|
2015 |
|
|
|
|
|
|
|
|
|
|
On September 30, 2015, the Company entered into a retail installment purchase contract in the amount of $57,007, secured by a 2016 Dodge Ram 5500 purchased on that date. This installment loan bears interest at a fixed rate of 4.22% and the Company shall make 60 monthly payments of $1,056 beginning October 30, 2015. |
|
$ |
46,546 |
|
|
$ |
54,433 |
|
|
|
|
|
|
|
|
|
|
On December 15, 2015, the Company entered into a retail installment purchase contract in the amount of $56,711, secured by a 2016 Dodge Ram 5500 purchased on that date. This installment loan bears interest at a fixed rate of 4.22% and the Company shall make 60 monthly payments of $1,050 beginning January 15, 2016. |
|
|
48,947 |
|
|
|
56,711 |
|
|
|
|
|
|
|
|
|
|
On March 8, 2016, the Company entered into a retail installment purchase contract in the amount of $46,492, secured by a 2016 Dodge Ram 2500 purchased on that date. This installment loan bears interest at a fixed rate of 5.62% and the Company shall make 72 monthly payments of $764 beginning April 8, 2016. |
|
|
43,176 |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
On May 26, 2016, the Company entered into a retail installment purchase contract in the amount of $56,936, secured by a 2016 Dodge Ram 5500 purchased on that date. This installment loan bears interest at a fixed rate of 4.89% and the Company shall make 60 monthly payments of $1,072 beginning June 26, 2016. |
|
|
53,557 |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
Total equipment notes payable |
|
|
192,226 |
|
|
|
111,144 |
|
|
|
|
|
|
|
|
|
|
Less Current Portion |
|
|
39,043 |
|
|
|
20,979 |
|
|
|
|
|
|
|
|
|
|
Convertible notes payable, net of current portion |
|
$ |
153,183 |
|
|
$ |
90,165 |
|
|