| 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. |
|
$ |
27,143 |
|
|
$ |
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. |
|
|
29,847 |
|
|
|
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. |
|
|
30,811 |
|
|
|
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. |
|
|
34,887 |
|
|
|
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. |
|
|
43,619 |
|
|
|
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. |
|
|
32,624 |
|
|
|
36,554 |
| |
|
|
|
|
|
|
|
| Total
equipment notes payable |
|
|
198,931 |
|
|
|
228,827 |
| |
|
|
|
|
|
|
|
| Less
Current Portion |
|
|
62,623 |
|
|
|
61,177 |
| |
|
|
|
|
|
|
|
| Equipment
notes payable, net of current portion |
|
$ |
136,308 |
|
|
$ |
167,650 |
|