Capital Financial Global Inc (CFGX)

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NOTE 8 – LONG-TERM NOTES PAYABLE
On September 29, 2011, the Company executed a promissory note payable to Red Castle Enterprises in the amount of $730,000. The note bears interest at 6% per annum and, as amended, has a maturity date of June 30, 2018. Accordingly, this debt obligation has been included in long-term liabilities in the accompanying financial statements. As of June 30, 2018, the balance owed net of discount and accrued interest was $646,645 and $277,315, respectively.