Annual report pursuant to Section 13 and 15(d)

Equipment Notes Payable

v3.19.1
Equipment Notes Payable
12 Months Ended
Dec. 31, 2018
Notes to Financial Statements  
Note 8 - Equipment Notes Payable

The Company has retail installment purchase contracts on equipment outstanding of $167,650 and $228,826 as of December 31, 2018 and 2107, respectively. These loans bear interest rates ranging from 4.22% to 5.62% and mature through 2022.

 

As of December 31, 2018, scheduled principal payments due on convertible notes payable are as follows:

 

For the year ended December 31,      
2019     63,424  
2020     63,281  
2021     36,146  
2022     4,799  
    $ 167,650