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6. Notes Payable: Schedule of Debt (Tables)
12 Months Ended
Dec. 31, 2014
Tables/Schedules  
Schedule of Debt

 

 

2014

2013

2011 Dodge pickup 36 month note payable, 0.00% interest rate, collateralized by pickup, monthly payments of $740

$

 

$

1,479

Hagby Diamond Drill 36 month note payable, 6.9% interest rate payable monthly, collateralized by drill and guaranteed by former President Fred Brackebusch and Vice President Grant Brackebusch, monthly payments of $3,962

 

 

 

83,344

Property with shop 36 month note payable, 4.91% interest rate payable monthly, remaining principal of note due in one payment at end of term, monthly payments of $474

 

46,337

 

49,800

Property, 15 month note payable, 5% interest per annum, collateralized by property, one remaining payment of $175,000

 

175,000

 

 

Property 39 month note payable, 5.0% interest rate payable monthly, collateralized by property, monthly payments of $1,000

 

 

 

5,997

Property 120 month note payable, 11.0% interest rate payable monthly, remaining principal of note due in one payment at end of term, collateralized by property, monthly payments of $1,122

 

107,336

 

108,923

Total notes payable

 

328,673

 

249,543

Due within one year

 

180,385

 

55,663

Due after one year

$

148,288

$

193,880