| Schedule of long-term debt |
| |
|
|
December 31, |
|
|
December 31, |
|
| |
|
|
2017 |
|
|
2016 |
|
| |
Long term debt is as follows: |
|
|
|
|
|
|
| |
Chrysler Capital, interest ranging from 9.8% and 10.9% per annum, payable in monthly installments of $1,889.59 beginning May 2017 through June 2022, secured by vehicles with a book value of $128,800 |
|
$ |
79,479 |
|
|
$ |
- |
|
| |
|
|
|
|
|
|
|
|
|
| |
Hitachi Capital, interest at 8.0% per annum, payable in monthly installments of $631.13 beginning September 2015 through August 2019, secured by delivery equipment with a book value of $24,910 |
|
|
11,781 |
|
|
|
18,133 |
|
| |
|
|
|
|
|
|
|
|
|
| |
Wells Fargo Equipment Finance, interest at 3.5% per annum, payable in monthly installments of $518.96 beginning April 2016 through March 2021, secured by warehouse equipment with a book value of $25,437 |
|
|
18,641 |
|
|
|
24,559 |
|
| |
|
|
|
|
|
|
|
|
|
| |
RMT Equipment, interest at 10.9% per annum, payable in monthly installments of $1,154.79 beginning June 2016 through October 2018, secured by delivery equipment with a book value of $31,130 |
|
|
10,916 |
|
|
|
22,477 |
|
| |
|
|
|
|
|
|
|
|
|
| |
Note payable insurance premium financing, interest at 4.74% per annum, payable in 10 installments of $3,441, due January 2018 |
|
|
3,427 |
|
|
|
- |
|
| |
|
|
$ |
124,244 |
|
|
$ |
65,169 |
|
| |
Less Current Maturities |
|
|
(41,707 |
) |
|
|
(23,443 |
) |
| |
Total Long-Term Debt |
|
$ |
82,537 |
|
|
$ |
41,726 |
|
|