Annual report pursuant to Section 13 and 15(d)

Note 7 - Notes Payable

v3.7.0.1
Note 7 - Notes Payable
12 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
Debt Disclosure [Text Block]
Note
7:
 
Notes Payable
 
During
2015,
the Company issued
12
notes payable totaling
$800,350
as a portion of the consideration paid in connection with the Company’s various acquisitions. Interest rates range from
1.5%
to
5.25%
with maturities through
February
of
2017.
 
During
2016,
the Company issued
two
notes payable totaling
$186,000
as a portion of the consideration paid in connection with the Company’s various acquisitions. Interest rates for both notes are
4.25%
with maturities through
May
of
2017.
 
Maturities of notes payable are as follows as of
December
31,
2016:
 
2017   $
331,500
 
Thereafter    
-
 
Total   $
331,500