Progressive Care Inc (RXMD)

[Stcgg]

They financed the robotic system - From 10K

Note 11. Subsequent Events
Subsequent to year end, On Januaray 20, 2016, the Company signed an agreement to purchase ScriptPro’s CRS 225
robotic prescription dispensing system, which is one of the newest additions to ScriptPro’s line of compact robotic
machines. The CRS 225 can hold up to 225 individual medications and fill over 1000 prescriptions per day with 99.7%
counting accuracy. Under the terms of the agreement, the machine will be installed in PharmCo’s facility upon
completion of the site expansion build-out, which is currently in the permitting phase of completion. The total value of
the system is approximately $150,000 plus sales tax. This amount is payable under the following terms: upon
installation, the Company will pay $2,000 per month for 35 months. The balance remaining will be due in full at the
end of the term.