| Schedule of long-term debt |
| |
|
December 31, |
|
| |
|
2018 |
|
|
2017 |
|
| Long term debt is as follows: |
|
|
|
|
|
|
| Chrysler Capital, interest ranging from 9.8% and 10.9% per annum, payable in monthly installments of $3,070 beginning May 2017 through May 2023, secured by vehicles with a book value of $205,000 |
|
$ |
- |
|
|
$ |
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 |
|
|
3,211 |
|
|
|
11,781 |
|
| |
|
|
|
|
|
|
|
|
| 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 |
|
|
12,976 |
|
|
|
18,641 |
|
| |
|
|
|
|
|
|
|
|
| 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 |
|
| |
|
|
|
|
|
|
|
|
| Note payable insurance premium financing, interest at 4.74% per annum, payable in 10 installments of $3,441, due January 2018 |
|
|
- |
|
|
|
3,427 |
|
| |
|
|
|
|
|
|
|
|
| Notes payable issued in connection with seller financing of assets acquired, interest at 1%, payable in 24 installments of $24,996, due February 2020 |
|
|
350,000 |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
| Notes payable issued in connection with seller financing of assets acquired, interest at 1%, payable in 12 installments of $6,003, due September 2019 |
|
|
54,000 |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
| Notes payable issued in connection with seller financing of assets acquired, interest at 8.125%, payable in 60 installments of $8,440, due August 2023 |
|
|
392,252 |
|
|
|
|
|
| |
|
$ |
812,439 |
|
|
$ |
124,244 |
|
| Less Current Maturities |
|
|
(436,813 |
) |
|
|
(41,707 |
) |
| Total Long-Term Debt |
|
$ |
375,626 |
|
|
$ |
82,537 |
|
|