VENDOR NOTES RECEIVABLE (Table)

9 Months Ended

Sep. 30, 2017

Notes to Financial Statements

Vendor note receivable

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

Disposition of collateral

The company reflected this transaction in the following manner:

Vendor notes receivable	$	2,585,000
Vendor advances receivable		(96,552	)
Accounts receivable		(20,965	)
Inventories		(509,447	)
Equipment		(543,115	)
Loss on vendor notes receivable collectability		(1,414,921	)
	$	0