Omni Health Inc (OMHE)

[BubbaInSC]

Mo Debt Mo Debt

some dates wrong? More short term "moans"
https://www.sec.gov/Archives/edgar/data/1604906/000166225217000061/omhe10q.htm

The Lending Club loan was executed by Malecon Pharmacy on April 23, 2017 in the amount of $35,000. The company assumed the remaining balance of $33,446 on June 17, 2017. The note is scheduled to be paid off on March 23, 2019 and has a monthly payment of $1,218.

The Small Business loan was executed by Malecon Pharmacy on April 22, 2017 in the amount of $300,000. The company assumed the remaining balance of $161,935 on June 17, 2017. The payment terms of the note are $1,550 each business day for 240 business days. There was 209 business days left on the note at the time of acquisition and 116 remaining as of January 31, 2017.

The Circle Back Lending loan was executed by Malecon Pharmacy on April 21, 2017 in the amount of $18,500. The company assumed the remaining balance of $17,718 on June 17, 2017. The note is scheduled to be paid off on March 21, 2019 and has a monthly payment of $674.

The Star Capital loan was executed by the Malecon Pharmacy on June 24, 2017 in the amount of $500,000. The note is scheduled to be paid off on December 23, 2017 and has a monthly payment of $90,833. In September 2017, the company entered into a second loan with Star Capital for up to an additional $500,000 in financing. The company has received $350,000. The company recognizes the remaining amount of $150,000 as other receivable. The company is scheduled to pay off this new loan portion on August 2017 and has a monthly payment of $49,167.

The company assumed certain other liabilities and a loan from the shareholder of Malecon Pharmacy in the amount of $30,532 for various obligations associated with the day-to-day operations of the specialty pharmacy. The company paid $5,243 during the period ending January 31, 2017 leaving a remaining balance of $6,750 in assumed liabilities and $10,000 due to related party.