Equipment notes payable |
|
|
2018 |
|
|
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. |
|
$ |
24,252 |
|
|
$ |
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. |
|
|
27,002 |
|
|
|
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. |
|
|
28,943 |
|
|
|
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. |
|
|
32,088 |
|
|
|
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. |
|
|
40,810 |
|
|
|
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. |
|
|
30,625 |
|
|
|
36,554 |
|
|
|
|
|
|
|
|
|
|
Total equipment notes payable |
|
|
183,720 |
|
|
|
228,827 |
|
|
|
|
|
|
|
|
|
|
Less Current Portion |
|
|
63,359 |
|
|
|
61,177 |
|
|
|
|
|
|
|
|
|
|
Equipment notes payable, net of current portion |
|
$ |
120,361 |
|
|
$ |
167,650 |
|
|