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Notes Payable

6 Months Ended

Jun. 30, 2019

Payables and Accruals [Abstract]

NOTES PAYABLE

NOTE 4 – NOTES PAYABLE

Notes payable consist of the following:

		June 30, 2019				December 31,
		(Unaudited)				2018
Total Equipment Notes Payable		$	1,113,343			$	1,207,927
Less Current Portion			278,465				283,388
Notes Payable, long term		$	834,878			$	924,539

The Company has entered into several financing agreements for the purchase of equipment. The terms of these financing arrangements are for a term of 2 years to 5 years, with interest rates ranging from 1.9% to 6.9% per annum, secured by the purchased equipment. Aggregate monthly payments of principal and interest of approximately $29,000 are due through 2023.

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- Definition

The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(a),20,24)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

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X

- References

No definition available.

+ Details

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