VENDOR NOTES RECEIVABLE (Table)

6 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Vendor note receivable

Vendor note receivable is composed of the following at December 31, 2016:

Advanced Tactical Armament Concepts, L.L.C. Notes Payable Purchased by Ammo	Amount
Western Alliance Bank	$	1,910,993
Less: Allowance for uncollectible amounts		(360,963	)
		1,550,000
Mansfield, LLC		1,035,000
	$	2,585,000

Disposition of collateral

Vendor notes receivable	$	2,585,000
Legal fee liability		150,000
Vendor advances receivable		(65,957	)
Accounts receivable		(20,965	)
Inventories		(509,447	)
Equipment		(187,815	)
Goodwill		(1,950,816	)
	$	-