Quarterly report pursuant to Section 13 or 15(d)

Equipment Notes Payable (Tables)

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Equipment Notes Payable (Tables)
3 Months Ended
Mar. 31, 2018
Equipment Notes Payable Tables  
Equipment notes payable

    Current Balance     2017  
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.   $ 30,003     $ 32,833  
                 
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.     32,663       35,449  
                 
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.     32,652       34,468  
                 
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.     37,653       40,385  
                 
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.     46,395       49,138  
                 
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.     33,944       36,554  
                 
Total equipment notes payable     213,310       228,827  
                 
Less Current Portion     61,240       61,177  
                 
Equipment notes payable, net of current portion   $ 152,070     $ 167,650  

Schedule of principal payments due on convertible notes payable

For the year ended March 31,      
2019   $ 61,240  
2020     64,169  
2021     57,689  
2022     30,212  
    $ 213,310