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Jacks1234

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Re: Digger13 post# 156201

Monday, 11/25/2019 8:35:25 PM

Monday, November 25, 2019 8:35:25 PM

Post# of 192139
Notes Payable – Related Parties

The Company has the following outstanding notes payable to related parties at September 30, 2019 that are due in the current year:

Note Issuance Date Maturity Date Interest Rate Original Borrowing Balance at
September 30,
2019
Note 1 (A) December 1, 2015 February 8, 2021 12.0 % $ 1,249,000 $ 825,000
Note 2 (B) December 1, 2015 April 1, 2017 12.0 % 112,000 112,000
Note 3 (C) April 4, 2016 June 4, 2021 12.0 % 343,000 170,000

Total notes payable – related parties 1,177,000
Non-current (1,065,000 )
Current
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