Laserfiche WebLink
r <br /> Four notes, payable to Case Credit, secured by construction equipment, beanng <br /> interest from 5 . 9% to 9 . 651/o, 48 month amortization, maturing onZA[arch 01 , 2004 , 124, 141 <br /> 359, 688 <br /> Less : Note payable — long term portion 136 720 <br /> Note payable — current portion 2 g <br /> Following are maturities of long-term debt for each of the next five years : <br /> 2003 $2221968 <br /> 2004 $ 1362720 <br /> 2005 $ 0 <br /> 2006 $ 0 <br /> 2007 $ 0 <br /> Note 10 - Shareholder Notes Payable <br /> Shareholder notes payable as of December 31 , 2002 consisted of the following : <br /> Notes payable — shareholder (90%) bearing interest ranging from 7 . 2% to 8 . 5 %, <br /> : . unsecured interest and principal due on demand . $2, 300, 000 <br /> r Notes payable — shareholder ( 10%) bearing interest at 7 . 2%, unsecured, interest <br /> and principal due on demand. 200, 000 <br /> $ 009 000 <br /> µtiF <br /> F : . Note 11 - Operatine Expenses : <br /> The followingis a summary of the significant components of the operating expenses of the <br /> Company for the year ended December 31 , 2002 : <br /> Administrative expenses $ 94 282 <br /> Bid prospects 32372 <br /> Insurance — general 652693 <br /> Legal & accounting 28.1937 <br /> Office expenses 42386 <br /> Consulting services 3692145 <br /> Repairs & maintenance 660 <br /> Rent 9, 905 <br /> Taxes — property 4 347 <br /> Telephone 15956 <br /> Payroll expenses 405580 <br /> 1 <br /> 1 . 039. 263 <br /> i <br /> See Accountants' Review Repoli <br /> ' 13 <br />