Plastic2Oil Inc (PTOI)

[jobynimble]

Has anyone noticed that Heddle is now collecting over a million dollars a year on interest alone of his promissory notes? Wowzers...


Other Income (Expense).

In 2018, total other expenses of $1,786,609 consists of $10,498 of the sale of the Tape Reading Equipment to 2335524 Ontario Inc., $1,161,337 of interest expenses on secured promissory notes and amortization on debt discount, along with $635,770 from the impairment loss of property, plant and equipment.

In 2017, total other expenses of $111,166 consisted mainly of $1,134,839 of interest expenses on secured promissory notes and amortization of debt discount, $13,158 impairment loss of property, plant, and equipment, $255,676 gain on disposable of the 1783 Allanport Road land and building and $781,155 income from the Glenny and Maskell settlement.

https://www.sec.gov/Archives/edgar/data/1381105/000149315219013964/form10-ka.htm#a_004