Glucose Health Inc. (GLUC)

[GLUC IR]

Total Liabilities 2018 = $559,995 vs...

Total Liabilities 2019 = $432,462, which is a 23% reduction due to the angel investors. It is not to GLUC's advantage to pay down more of this debt, at this time. Of the total $432,462 debt, $252,157 is a long term capital investment in GLUC by the CEO; a further $75,000 is a revolving line of credit on favorable terms to GLUC; $22,979 is an investment by a long term shareholder and $7,500 is related to debts for which GLUC does not have contact information for the holder(s). The remaining $74,826 is divided between accounts payable, accrued interest and accrued expenses, all of which fluctuate up/down, each quarter. For example, for the 4th quarter 2019, GLUC expects A/P and accrued expenses to be significantly lower.