Sunday, April 30, 2017 12:35:13 PM
5. Liabilities
Liabilities are made up of current liabilities and long-term liabilities. Current liabilities include accounts payable of $0.00 and short-term debt of $410,343.00 per the schedule below. There were no long-term liabilities outstanding for the Company as of December 31, 2016.
Long-term debt consists of the following at December 31, 2016:
Description Origination 12/31/16
Keystone Gate Company Contract $ 185,000.00
Open Sky Software Contract $ 119,493.00
Other Long Term Payables
Various $ 29,500.00
Wroblewski Oil and Gas Company $ 76,350.00
Total Long-Term Debt $ 410,343.00
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