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5. Related Party Transactions: Related Party interest expense (Tables)
3 Months Ended
Mar. 31, 2019
Tables/Schedules  
Related Party interest expense

 

 

 

March 31,

2019

 

December 31,

2018

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

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 $148,285 in February 2021

 

214,091

 

222,131

 

 

214,091

 

236,827

Total

 

214,091

 

236,827

Current portion

 

(33,391)

 

(47,591)

Long term portion

$

180,700

$

189,236

Related Party Interest Expense

 

March 31

2019

2018

$

3,589

$

18,097