LONG-TERM DEBT
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September 30, 2021 |
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December 31, 2020 |
Long term debt is as follows: |
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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 |
$ |
— |
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$ |
1 |
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Notes payable issued in connection with seller financing of assets acquired, interest at 8.125%, payable in 60 installments of $8,440.00, due August 2023 |
203 |
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240 |
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$ |
203 |
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$ |
241 |
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Less Current Maturities |
(111) |
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(83) |
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Total Long-Term Debt |
$ |
92 |
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$ |
158 |
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Interest expense for the three months ended September 30, 2021 and 2020 was $25 thousand and $0, respectively.
Interest expense for the nine months ended September 30, 2021 and 2020 was $31 thousand and $20 thousand, respectively.
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