Annual report pursuant to Section 13 and 15(d)

Term Loan Agreements and Long-Term Debt (Tables)

v3.19.3.a.u2
Term Loan Agreements and Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2019
Term Loan Agreements and Long-Term Debt  
Schedule of long-term obligations

    

December 31,

    

December 31,

    

2019

2018

Equipment Lease Agreement with Cisco Capital for a total lease amount of $59 which has a 36 month term and requires no lease payments for the first three months of the lease and 33 equal payments of principal and interest until the end of the term. Interest on the lease is payable monthly at 3.5% per annum.

15

Equipment Lease Agreement with Raymond Leasing Corporation for a total lease amount of $30 which has a 48 month term with equal payments for principal and interest until the end of the term. Interest on the lease is payable monthly at 6.7% per annum.

22

Equipment Lease Agreement with B&B Office Systems for a total lease amount of $32 which has a 60 month term with equal payments for principal and interest until the end of the term. Interest on the lease is payable monthly at 8.5% per annum.

26

Total

63

Less current revolving loan

Less current maturities of long-term debt

(28)

Long-term portion

$

$

35