]Short -term notes of $ 469,338
(1) Secured by equipment having a net book value of $18.243
(2) Secured by equipment having a net book value of $61,744
(3) The Company has pledged a security interest on all accounts receivable and banks accounts of the Company. Obligation under personal guaranty by controlling shareholder of the Company.
(4) The Company has pledged a security interest on all accounts receivable and banks accounts of the Company.
(5) The Company has pledged a security interest on all assets of the Company.
The Company had accrued interest payable of $20,640 and $0 interest on the notes at October 31, 2019 and January 31, 2019, respectively.
The following are the minimum amounts due on the long-term notes:
Year Ended
Amount
October 31, 2020
$
4,734
October 31, 2021
4.740
October 31, 2022
4.740
October 31, 2023
1,697
Total
$
15,911
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