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PROSHOT CONCRETE, INC. AND SUBSIDIARIES
<br />NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
<br />DECEMBER 31, 2019 AND 2018
<br />5. NOTES PAYABLE — CONTINUED
<br />2019
<br />Note payable to a financial institution due in monthly
<br />installments of $10,495, interest free, secured by equipment,
<br />and is personally guaranteed by the stockholder, repaid in
<br />2019. $
<br />_
<br />Note payable to a financial institution due in monthly
<br />installments of $2,460.19, interest free, through November
<br />2020, secured by equipment, and is personally guaranteed by
<br />the stockholder.
<br />24,525
<br />Note payable to a financial institution due in monthly
<br />installments of $5,219, including interest of 4.67%, through
<br />June 2020, secured by substantially all business assets.
<br />30,903
<br />Note payable to a financial institution in monthly installments
<br />of $909, interest-free, secured by a vehicle, repaid in 2019
<br />_
<br />Note payable to a financial institution in monthly installments
<br />of $655, which includes interest at 5.99%, through August
<br />2020, secured by a vehicle.
<br />5,131
<br />Note payable to a financial institution in monthly installments
<br />of $1,023, including interest of 6.09°/x, secured by a vehicle,
<br />repaid in 2019.
<br />_
<br />Note payable to a financial institution in monthly installments
<br />of $3,732, including interest of 4.74%, through August 2020,
<br />secured by substantially all business assets. 29,448
<br />Note payable to a financial institution in monthly installments
<br />of $6,461, including interest of 5.34%, through October 2027,
<br />secured by commercial real estate. 720,284
<br />2018
<br />$ 104,954
<br />90,564
<br />7,273
<br />12,433
<br />36,952
<br />71,706
<br />757,714
<br />Note payable to a financial institution in monthly installments
<br />of $3,299, including interest of 4.96%, through June 2022,
<br />secured by real estate. 93,015 127,018
<br />Less current maturities
<br />Total long-term debt
<br />15
<br />2,503,987 1,858,250
<br />(487,681) (442,819)
<br />$ 2,016,306 $ 1,415,431
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