Note 19 - Long Term Debt

9 Months Ended

Sep. 30, 2018

Notes

Note 19 - Long Term Debt

Note 19 - Long term debt

Long term debt consists of the following:

		September 30, 2018		December 31, 2017
Commercial credit agreement with Bond Street Servicing, LLC at 11.6% interest per annum, semi-monthly payments of $1,648, maturing October 16, 2019. Net of $1,392 and $2,390 unamortized loan service fee, respectively.	$	38,636	$	62,659
Total notes payable		38,636		62,659
Less: Current maturities		(36,880)		(33,854)
	$	1,756	$	28,805

WCI’s commercial credit agreement with Bond Street Servicing, LLC required a $4,000

loan service fee. The service fee is being amortized as additional interest over the life of the loan on a straight line basis.