If you read on from that paragraph and read the last sentence you will see this is still positive. Go CGRA$$$
The notes include bonds in the amount of $10,268,782, which carries coupon rates of 10% and are due in 2025. Company notes included notes payable to four unaffiliated parties in the amount of $212,517, which are not secured by collateral of the Company, carries accrued interest of 6%-8% and is due on demand by the holders. Another note payable is to an affiliated company of our Chief Executive Officer in the amount of $198,908, is not secured by collateral of the company, carries accrued interest of 6%, and is due on demand by the holder. Loans payable included loans to a third party totaling $55,125, which are secured by equipment purchased for the Company, carry interest rates of 6.3%, and are due in 1-3 years. Assumed debts are associated with our West Salt Creek purchase totaling $503,685 and are not secured by collateral of the company. A final note, in the amount of $231,598, is related to the purchase of our Chewelah, Washington facility and is 5% interest loan secured by our 47-acre industrial site. The Chewelah facility is current in its payments and is in the process of renovation and upgrades. The Company is in the process of restructuring and/or paying off all other notes without further use of equity.
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