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12. Related Party Transactions: Related Party interest expense (Tables)
12 Months Ended
Dec. 31, 2018
Tables/Schedules  
Related Party interest expense

 

 

 

December 31,

2018

 

December 31, 2017

Mine Systems Design (“MSD”), a company in which our Company’s Vice President owns 10.4%, 12% interest, monthly payments of $4,910 through March 2019

$

14,696

$

68,299

John Swallow, Company president, 5% interest, monthly payments of $5,834 with balloon payment of $387,904 in February 2019

 

-

 

441,163

John Swallow, Company president, 5% interest, principal and interest due February 2019

 

-

 

192,677

Ophir Holdings LLC, a company owned by three of the Company’s Officers, 6% interest, monthly payments of $3,777 with a balloon payment of $183,559 in February 2020

 

222,131

 

-

Margaret Bathgate, shareholder, 5% interest, principal and interest due January 2018

 

-

 

100,000

 

 

236,827

 

802,139

Accrued interest payable

 

 

 

10,772

Total

 

236,827

 

812,911

Current portion

 

47,591

 

211,829

Long term portion

$

189,236

$

601,082