v3.3.1.900

Note 11 Long Term Debt

12 Months Ended

Dec. 31, 2015

Disclosure Text Block [Abstract]

Long-term Debt [Text Block]

Note 11 Long Term Debt

During the year ended December 31, 2014 the company financed a truck acquisition with loans from Ascentium Capital, a Texas based financial entity.  The following table describes the purpose and terms of the loans.

Lender		Date of Loan			Original Loan				Purpose			Interest Rate				Term			Current Portion				Long Term Portion
Ascentium Capital		09/01/14			$	14,975			Truck loan				9	%		36 Months			$	4,048			$	5,292

This debt is collateralized by the truck title of the acquired vehicle.  The loan is personally guaranteed by the officers of the Company.

During the year ended December 31, 2015 and 2014, ABCO borrowed working capital loans from lenders as described in the following table:

Lender		Date of Loan			Original Loan				Purpose			Interest Rate				Term			Current Portion				Long Term Portion
Orchard St. Funding		11-25-15			$	50,000			Credit Line				20	%		6 Months			$	45,240			$	0
Ascentium Capital		08-27-14			$	50,000			Credit Line				24	%		18 Months				6,705			$	0
Private lender		Var 2015			$	59,833			Credit Line				12	%		Demand				59,833			$	0
Total due at 12-31-15																			$	111,778

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- Definition

The entire disclosure for long-term debt.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

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