Annual report pursuant to Section 13 and 15(d)

Long-Term Debt (Tables)

v3.21.1
Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Schedule of long-term debt
    December 31,  
    2020     2019  
Long term debt is as follows:            
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   $ 1,032     $ 7,109  
                 
Notes payable issued in connection with seller financing of assets acquired, interest at 1%, payable in 24 installments of $24,996, due and paid in full in  February 2020     -       24,997  
                 
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     239,832       320,204  
    $ 240,864     $ 352,310  
Less Current Maturities     (82,877 )     (110,231 )
Total Long-Term Debt   $ 157,987     $ 242,079  
Schedule of expected debt maturities
Debt maturities as of December 31, 2020 are as follows:      
2021   $ 82,877  
2022     99,184  
2023     58,803  
    $ 240,864