| Equipment notes payable |
| |
|
2017 |
|
|
2016 |
|
| On
September 30, 2015, the Company entered into a retail installment purchase contract in the amount of $57,007, secured by a
2016 Dodge Ram 5500 purchased on that date. This installment loan bears interest at a fixed rate of 4.22% and the Company
shall make 60 monthly payments of $1,056 beginning October 30, 2015. |
|
$ |
38,405 |
|
|
$ |
43,860 |
|
| |
|
|
|
|
|
|
|
|
| On
December 15, 2015, the Company entered into a retail installment purchase contract in the amount of $56,711, secured by a
2016 Dodge Ram 5500 purchased on that date. This installment loan bears interest at a fixed rate of 4.22% and the Company
shall make 60 monthly payments of $1,050 beginning January 15, 2016. |
|
|
40,934 |
|
|
|
46,304 |
|
| |
|
|
|
|
|
|
|
|
| On
March 8, 2016, the Company entered into a retail installment purchase contract in the amount of $46,492, secured by a 2016
Dodge Ram 2500 purchased on that date. This installment loan bears interest at a fixed rate of 5.62% and the Company shall
make 72 monthly payments of $764 beginning April 8, 2016. |
|
|
38,025 |
|
|
|
41,483 |
|
| |
|
|
|
|
|
|
|
|
| On
May 26, 2016, the Company entered into a retail installment purchase contract in the amount of $56,936, secured by a 2016
Dodge Ram 5500 purchased on that date. This installment loan bears interest at a fixed rate of 4.89% and the Company shall
make 60 monthly payments of $1,072 beginning June 26, 2016. |
|
|
45,751 |
|
|
|
50,987 |
|
| |
|
|
|
|
|
|
|
|
| On
January 23, 2017, the Company entered into a retail installment purchase contract in the amount of $58,926, secured by a 2017
Dodge Ram 5500 purchased on that date. This installment loan bears interest at a fixed rate of 4.74% and the Company shall
make 60 monthly payments of $1,105 beginning February 23, 2017. |
|
|
54,528 |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
| On
February 29, 2017, the Company entered into a retail installment purchase contract in the amount of $42,275, secured by a
2017 Dodge Ram 2500 purchased on that date. This installment loan bears interest at a fixed rate of 4.74% and the Company
shall make 60 monthly payments of $793 beginning March 29, 2017. |
|
|
39,757 |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
| Total
equipment notes payable |
|
|
257,400 |
|
|
|
182,634 |
|
| |
|
|
|
|
|
|
|
|
| Less
Current Portion |
|
|
59,132 |
|
|
|
39,499 |
|
| |
|
|
|
|
|
|
|
|
| Equipment
notes payable, net of current portion |
|
$ |
198,268 |
|
|
$ |
143,135 |
|
|