Well looky here. I’m sure it pertains to The Pulaski. It’s from EXPL’s 10K.
NOTE L – SUBSEQUENT EVENTS
In March 2018, Micah Eldred agreed to provide a line of credit in the amount of $500,000 to the Company so that it will have the liquidity and funds to carry out its operations. The Company executed a Demand Note – Line of Credit, whereby it agreed to pay 5% interest on any advances made, which are secured by a Security Agreement on the Company’s assets.