Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Jun. 30, 2019 | Aug. 19, 2019 | |
Document Information [Line Items] | ||
Entity Registrant Name | Tribus Enterprises, Inc. | |
Entity Central Index Key | 0001706573 | |
Current Fiscal Year End Date | --03-31 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Emerging Growth Company | true | |
Entity Ex Transition Period | false | |
Entity Small Business | true | |
Entity Common Stock, Shares Outstanding (in shares) | 7,184,858 | |
Entity Shell Company | false | |
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2019 | |
Document Fiscal Year Focus | 2020 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | false |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) | Jun. 30, 2019 | Mar. 31, 2019 |
Current assets | ||
Cash | $ 48,115 | $ 33,970 |
Inventory | 6,907 | |
Deposits, current | 402,000 | 402,000 |
Prepaid expenses | 11 | 20,011 |
Total current assets | 457,033 | 455,981 |
Deposits | 41,337 | 41,337 |
Right of use asset | 192,496 | |
Equipment, net of accumulated depreciation of $243,728 and $194,226, respectively | 1,341,035 | 1,061,675 |
Total assets | 2,031,901 | 1,558,993 |
Current liabilities | ||
Accounts payable and accrued liabilities | 175,159 | 108,249 |
Interest payable | 60,389 | 23,612 |
Accrued rent | 8,027 | |
Deferred revenue | 814 | 814 |
Operating lease liability, current | 55,933 | |
Capital lease, current (Note 7) | 288,570 | 214,529 |
Loans payable, current (Note 6) | 346,913 | 82,449 |
Total current liabilities | 927,778 | 437,680 |
Operating lease liability, net of current portion | 141,979 | |
Capital lease, net of current portion (Note 7) | 597,183 | 667,053 |
Loans payable, net of current portion (Note 6) | 29,656 | 14,057 |
Total liabilities | 1,696,596 | 1,118,790 |
Commitments and contingencies | ||
Stockholders' equity | ||
Common stock, $0.001 par value; 100,000,000 authorized; 7,188,858 and 7,184,858 issued and outstanding at June 30, 2019 and March 31, 2019, respectively | 7,189 | 7,185 |
Additional paid in capital | 2,068,878 | 1,818,694 |
Accumulated deficit | (1,762,440) | (1,407,042) |
Total stockholders' equity | 335,305 | 440,203 |
Total liabilities and stockholders' equity | 2,031,901 | 1,558,993 |
Series A Preferred Stock [Member] | ||
Stockholders' equity | ||
Preferred stock | 20,000 | 20,000 |
Series B Preferred Stock [Member] | ||
Stockholders' equity | ||
Preferred stock | $ 1,678 | $ 1,366 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) | Jun. 30, 2019 | Mar. 31, 2019 |
Accumulated depreciation | $ 243,728 | $ 194,226 |
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized (in shares) | 100,000,000 | 100,000,000 |
Common stock, shares issued (in shares) | 7,188,858 | 7,184,858 |
Common stock, shares outstanding (in shares) | 7,188,858 | 7,184,858 |
Series A Preferred Stock [Member] | ||
Preferred stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized (in shares) | 20,000,000 | 20,000,000 |
Preferred stock, shares issued (in shares) | 19,999,998 | 19,999,998 |
Preferred stock, shares outstanding (in shares) | 19,999,998 | 19,999,998 |
Series B Preferred Stock [Member] | ||
Preferred stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized (in shares) | 5,000,000 | 5,000,000 |
Preferred stock, shares issued (in shares) | 1,677,500 | 1,214,375 |
Preferred stock, shares outstanding (in shares) | 1,677,500 | 1,214,375 |
Unaudited Condensed Consolidate
Unaudited Condensed Consolidated Statements of Operations - USD ($) | 3 Months Ended | |
Jun. 30, 2019 | Jun. 30, 2018 | |
Operating expenses | ||
Employee costs | $ 58,445 | $ 62,077 |
Professional fees | 60,020 | 31,291 |
General and administrative | 88,574 | 18,867 |
Facilities | 19,018 | 20,845 |
Research and development | 9,765 | 1,140 |
Depreciation expense | 65,728 | 33,907 |
Total operating expenses | 301,550 | 168,127 |
Other income (expense) | ||
Other income | 9,328 | |
Loss on sale of equipment | (1,752) | |
Interest expense | (61,424) | (4,524) |
Total other income (expense) | (53,848) | (4,524) |
Net and comprehensive loss | $ (355,398) | $ (172,651) |
Net loss per share, basic and diluted (in dollars per share) | $ (0.05) | $ (0.02) |
Weighted average shares outstanding, basic and diluted (in shares) | 7,185,298 | 6,986,977 |
Unaudited Consolidated Statemen
Unaudited Consolidated Statement of Stockholders' Equity - USD ($) | Preferred Stock [Member]Series A Preferred Stock [Member] | Preferred Stock [Member]Series B Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | AOCI Attributable to Parent [Member] | Series B Preferred Stock [Member] | Total |
Balance (in shares) at Mar. 31, 2018 | 19,999,998 | 1,007,500 | 6,903,658 | ||||
Balance at Mar. 31, 2018 | $ 20,000 | $ 1,008 | $ 6,904 | $ 1,462,533 | $ (593,399) | $ 897,046 | |
Series B preferred stock issued for cash (in shares) | 206,875 | ||||||
Series B preferred stock issued for cash | $ 206 | 165,294 | 165,500 | ||||
Common stock issued for cash (in shares) | 155,200 | ||||||
Common stock issued for cash | $ 155 | 38,645 | 38,800 | ||||
Net loss | (172,651) | (172,651) | |||||
Balance (in shares) at Jun. 30, 2018 | 19,999,998 | 1,214,375 | 7,058,858 | ||||
Balance at Jun. 30, 2018 | $ 20,000 | $ 1,214 | $ 7,059 | 1,666,472 | (766,050) | 928,695 | |
Balance (in shares) at Mar. 31, 2019 | 19,999,998 | 1,365,625 | 7,184,858 | ||||
Balance at Mar. 31, 2019 | $ 20,000 | $ 1,366 | $ 7,185 | 1,818,694 | (1,407,042) | 440,203 | |
Series B preferred stock issued for cash (in shares) | 311,875 | ||||||
Series B preferred stock issued for cash | $ 312 | 249,188 | 249,500 | ||||
Common stock issued for cash (in shares) | 4,000 | 311,875 | |||||
Common stock issued for cash | $ 4 | 996 | 1,000 | ||||
Net loss | (355,398) | (355,398) | |||||
Balance (in shares) at Jun. 30, 2019 | 19,999,998 | 1,677,500 | 7,188,858 | ||||
Balance at Jun. 30, 2019 | $ 20,000 | $ 1,678 | $ 7,189 | $ 2,068,878 | $ (1,762,440) | $ 335,305 |
Unaudited Condensed Consolida_2
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) | 3 Months Ended | |
Jun. 30, 2019 | Jun. 30, 2018 | |
Cash flows from operating activities | ||
Net loss | $ (355,398) | $ (172,651) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Depreciation | 65,728 | 33,907 |
Loss on sale of equipment | 1,751 | |
Changes in operating assets and liabilities: | ||
Prepaid expenses | 20,000 | (2,454) |
Deposits | (280,897) | |
Accounts payable and accrued liabilities | 66,910 | (2,995) |
Interest payable | 43,438 | |
Deferred rent | (2,448) | 33 |
Inventory | (6,907) | |
Net cash used in operating activities | (157,644) | (425,057) |
Cash flows from investing activities | ||
Purchase of equipment | (30,918) | |
Net cash used in investing activities | (30,918) | |
Cash flows from financing activities | ||
Repayments of capital leases | (2,490) | (195,880) |
Payments on operating lease liability | (9,447) | |
Repayments of loans payable | (35,856) | |
Proceeds from sale of common stock | 1,000 | 38,800 |
Proceeds from the sale of series B preferred stock | 249,500 | 165,500 |
Net cash provided by financing activities | 202,707 | 8,420 |
Cash, beginning of period | 33,970 | 913,958 |
Net change in cash | 14,145 | (416,637) |
Cash, end of period | 48,115 | 497,321 |
Supplemental cash flow information | ||
Cash paid for interest | 22,912 | 4,156 |
Cash paid for income taxes | ||
Supplemental disclosure of non-cash financing activities | ||
Capital leases entered into for purchase of equipment | 960,340 | |
Loan entered into for purchase of fixed assets | $ 335,383 |
Note 1 - Nature of Operations a
Note 1 - Nature of Operations and Organization | 3 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Nature of Operations [Text Block] | NOTE 1 The Company was incorporated in the State of Washington on March 29, 2017 December 1, 2015. March 29, 2017. not |
Note 2 - Unaudited Condensed Co
Note 2 - Unaudited Condensed Consolidated Interim Financial Statements | 3 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | NOTE 2 The accompanying unaudited condensed consolidated interim financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows for the periods ended June 30, 2019 Certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed consolidated financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s March 31, 2019 June 30, 2019 not The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reported period. Actual results could differ from those estimates. Management further acknowledges that it is solely responsible for adopting sound accounting practices, establishing and maintaining a system of internal accounting control and preventing and detecting fraud. The Company’s system of internal accounting control is designed to assure, among other items, that ( 1 2 3 |
Note 3 - Going Concern
Note 3 - Going Concern | 3 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Substantial Doubt about Going Concern [Text Block] | NOTE 3 The Company's financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, the Company does not The ability of the Company to continue as a going concern is dependent upon its ability to successfully execute its plans and eventually attain profitable operations. The accompanying financial statements do not may may may no |
Note 4 - Current Deposits
Note 4 - Current Deposits | 3 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Inventory Disclosure [Text Block] | NOTE 4 During the year ended March 31, 2019, third $402,000 $2.46 first 163,415 During the three June 30, 2019, third $402,000. $402,000 no June 30, 2019 March 31, 2019. |
Note 5 - Capital Stock
Note 5 - Capital Stock | 3 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | NOTE 5 Authorized The Company is authorized to issue up to 20,000,000 $0.001 5,000,000 $0.001 100,000,000 $0.001 The holders of the Series A Preferred Stock are entitled to 10 10 10 The holders of the Series B Preferred Stock are entitled to 4 4 Issued During the three June 30, 2019, 4,000 $0.25 $1,000. During the three June 30, 2019, 311,875 $249,500. There were 19,999,998 1,677,500 7,188,858 June 30, 2019. There were 19,999,998 1,365,625 7,184,858 March 31, 2019. |
Note 6 - Operating Leases
Note 6 - Operating Leases | 3 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Lessee, Operating Leases [Text Block] | NOTE 6 OPERATING LEASES On March 23, 2017, April 30, 2022 May 20, 2017. March 12, 2019, March 31, 2022. On April 1, 2019, $207,359 25% three June 30, 2019, $9,447. $197,912 June 30, 2019 $55,933 $141,979 The leases require future minimum payments as shown below: Year ending March 31, 2020 $ 72,657 2021 98,207 2022 99,725 2023 4,321 Total payments 274,910 Less: imputed interest (76,998 ) Operating lease liability, total $ 197,912 On November 5, 2018, $5,700 first $9,000 three June 30, 2019. |
Note 7 - Loans Payable
Note 7 - Loans Payable | 3 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | NOTE 7 During the prior fiscal year, the Company entered into a loan in order to acquire a vehicle. The loan is repayable over five $541 0%. not no three June 30, 2019, $0 June 30, 2019. On July 27, 2018, $100,000. 24.37%, twelve July 27, 2019. $40,594 $65,464 June 30, 2019 March 31, 2019, During the year ended March 31, 2019, twelve $954 0%. not no $8,588 $10,497 June 30, 2019 March 31, 2019, On various dates during the three June 30, 2019, three $301,651, no 6.59% first three $270,604 $27,990 six $5,000 $221,910 second three $24,163 $2,500 six $1,000 $16,395 three $36,884 $5,000 On June 1, 2019, $34,222 $19,464 $1,751. 6.59% September 2025. June 30, 2019, $34,222 $4,666 |
Note 8 - Capital Leases Payable
Note 8 - Capital Leases Payable | 3 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Capital Leases in Financial Statements of Lessee Disclosure [Text Block] | NOTE 8 The Company accounts for capital leases in accordance with ASC 842. March 31, 2019, seven $1 $1,162,240 $34,171. As of June 30, 2019, $1,282,756 June 2023 $416,238 $885,753. $288,570 $597,183 June 30, 2019. Future annual payments required under the capital leases through termination are as follows: Principal Interest Total Year ended March 31, 2020 $ 255,376 $ 217,995 $ 473,371 2021 271,026 125,564 396,590 2022 247,275 44,953 292,228 2023 104,863 8,317 113,180 2024 7,213 174 7,387 Total $ 885,753 $ 416,238 $ 1,282,756 |
Note 9 - Subsequent Events
Note 9 - Subsequent Events | 3 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | NOTE 9 The Company evaluated all events occurring subsequent to June 30, 2019 no |
Note 6 - Operating Leases (Tabl
Note 6 - Operating Leases (Tables) | 3 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | Year ending March 31, 2020 $ 72,657 2021 98,207 2022 99,725 2023 4,321 Total payments 274,910 Less: imputed interest (76,998 ) Operating lease liability, total $ 197,912 |
Note 8 - Capital Leases Payab_2
Note 8 - Capital Leases Payable (Tables) | 3 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block] | Principal Interest Total Year ended March 31, 2020 $ 255,376 $ 217,995 $ 473,371 2021 271,026 125,564 396,590 2022 247,275 44,953 292,228 2023 104,863 8,317 113,180 2024 7,213 174 7,387 Total $ 885,753 $ 416,238 $ 1,282,756 |
Note 4 - Current Deposits (Deta
Note 4 - Current Deposits (Details Textual) | 3 Months Ended | 12 Months Ended |
Jun. 30, 2019USD ($) | Mar. 31, 2019USD ($)$ / shares | |
Advances for Inventory Units | $ 402,000 | |
Inventory, Discount Price Per Unit | $ / shares | $ 2.46 | |
Inventory, Number of Units to be Purchased | 163,415 | |
Loss Contingency, Damages Sought, Value | $ 402,000 | |
Reserve Against Deposit | $ 0 | $ 0 |
Note 5 - Capital Stock (Details
Note 5 - Capital Stock (Details Textual) | 3 Months Ended | |||
Jun. 30, 2019USD ($)$ / sharesshares | Jun. 30, 2018USD ($) | Mar. 31, 2019$ / sharesshares | Mar. 31, 2018shares | |
Common Stock, Shares Authorized | 100,000,000 | 100,000,000 | ||
Common Stock, Par or Stated Value Per Share | $ / shares | $ 0.001 | $ 0.001 | ||
Proceeds from Issuance of Common Stock | $ | $ 1,000 | $ 38,800 | ||
Common Stock, Shares, Issued, Total | 7,188,858 | 7,184,858 | ||
Common Stock, Shares, Outstanding, Ending Balance | 7,188,858 | 7,184,858 | ||
Subscription Agreements [Member] | Commo Stock Subscriber [Member] | ||||
Common Stock, Par or Stated Value Per Share | $ / shares | $ 0.25 | |||
Common Stock, Shares Subscribed but Unissued | 4,000 | |||
Proceeds from Issuance of Common Stock | $ | $ 1,000 | |||
Series A Preferred Stock [Member] | ||||
Preferred Stock, Shares Authorized | 20,000,000 | 20,000,000 | ||
Preferred Stock, Par or Stated Value Per Share | $ / shares | $ 0.001 | $ 0.001 | ||
Preferred Stock, Voting Rights, Votes Per Share Held | 10 | |||
Convertible Preferred Stock, Shares Issuable upon Conversion | 10 | |||
Preferred Stock, Shares Issued, Total | 19,999,998 | 19,999,998 | ||
Preferred Stock, Shares Outstanding, Ending Balance | 19,999,998 | 19,999,998 | 19,999,998 | |
Series B Preferred Stock [Member] | ||||
Preferred Stock, Shares Authorized | 5,000,000 | 5,000,000 | ||
Preferred Stock, Par or Stated Value Per Share | $ / shares | $ 0.001 | $ 0.001 | ||
Preferred Stock, Voting Rights, Votes Per Share Held | 4 | |||
Convertible Preferred Stock, Shares Issuable upon Conversion | 4 | |||
Stock Issued During Period, Shares, New Issues | 311,875 | |||
Proceeds from Issuance of Convertible Preferred Stock | $ | $ 249,500 | |||
Preferred Stock, Shares Issued, Total | 1,677,500 | 1,214,375 | ||
Preferred Stock, Shares Outstanding, Ending Balance | 1,677,500 | 1,214,375 |
Note 6 - Operating Leases (Deta
Note 6 - Operating Leases (Details Textual) - USD ($) | Nov. 05, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | Apr. 01, 2019 | Mar. 31, 2019 |
Operating Lease, Right-of-Use Asset | $ 192,496 | $ 207,359 | |||
Operating Lease, Liability, Total | 197,912 | $ 207,359 | |||
Lessee, Operating Lease, Discount Rate | 25.00% | ||||
Operating Lease, Payments | 9,447 | ||||
Operating Lease, Liability, Current | 55,933 | ||||
Operating Lease, Liability, Noncurrent | 141,979 | ||||
Operating Sublease, Monthly Rental Payments | $ 5,700 | ||||
Other Nonoperating Income (Expense) [Member] | |||||
Operating Sublease, Payments Received | $ 9,000 |
Note 6 - Operating Lease - Futu
Note 6 - Operating Lease - Future Minimum Payments (Details) - USD ($) | Jun. 30, 2019 | Apr. 01, 2019 |
2020 | $ 72,657 | |
2021 | 98,207 | |
2022 | 99,725 | |
2023 | 4,321 | |
Total payments | 274,910 | |
Less: imputed interest | (76,998) | |
Operating lease liability, total | $ 197,912 | $ 207,359 |
Note 7 - Loans Payable (Details
Note 7 - Loans Payable (Details Textual) | Jul. 27, 2018USD ($) | Jun. 30, 2019USD ($) | Jun. 30, 2018USD ($) | Mar. 31, 2019USD ($) | Jun. 01, 2019USD ($) |
Gain (Loss) on Disposition of Property Plant Equipment, Total | $ (1,751) | ||||
Secured Long-term Debt, Noncurrent | 29,656 | $ 14,057 | |||
Secured Debt, Current | 346,913 | $ 82,449 | |||
Vehicles [Member] | |||||
Proceeds from Sale of Property, Plant, and Equipment, Total | 19,464 | ||||
Gain (Loss) on Disposition of Property Plant Equipment, Total | (1,751) | ||||
0% Loan Payable [Member] | |||||
Debt Instrument, Term | 5 years | ||||
Debt Instrument, Periodic Payment, Total | $ 541 | ||||
Debt Instrument, Interest Rate, Stated Percentage | 0.00% | ||||
Debt Instrument, Unamortized Discount, Total | $ 0 | ||||
Secured Debt, Total | 0 | ||||
Loan Agreement [Member] | |||||
Debt Instrument, Term | 1 year | ||||
Debt Instrument, Interest Rate, Stated Percentage | 24.37% | ||||
Debt Instrument, Face Amount | $ 100,000 | ||||
Short-term Debt, Total | 40,594 | $ 65,464 | |||
Loan In Order to Acquire Equipment [Member] | |||||
Debt Instrument, Term | 1 year | ||||
Debt Instrument, Periodic Payment, Total | $ 954 | ||||
Debt Instrument, Interest Rate, Stated Percentage | 0.00% | ||||
Debt Instrument, Unamortized Discount, Total | $ 0 | ||||
Short-term Debt, Total | $ 8,588 | $ 10,497 | |||
Verbal Loan Agreements [Member] | |||||
Debt Instrument, Interest Rate, Stated Percentage | 0.00% | ||||
Debt Instrument, Face Amount | $ 301,651 | ||||
Number of Verbal Loan Agreements | 3 | ||||
Debt Instrument, Interest Rate, Effective Percentage | 6.59% | ||||
Verbal Loan Agreements One [Member] | |||||
Debt Instrument, Periodic Payment, Total | $ 5,000 | ||||
Debt Instrument, Face Amount | 270,604 | ||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 221,910 | ||||
Verbal Loan Agreements One [Member] | Equipment [Member] | |||||
Payments to Acquire Property, Plant, and Equipment, Down Payment | 27,990 | ||||
Verbal Loan Agreements Two [Member] | |||||
Debt Instrument, Periodic Payment, Total | 1,000 | ||||
Debt Instrument, Face Amount | 24,163 | ||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 16,395 | ||||
Verbal Loan Agreements Two [Member] | Equipment [Member] | |||||
Payments to Acquire Property, Plant, and Equipment, Down Payment | 2,500 | ||||
Verbal Loan Agreements Three [Member] | |||||
Debt Instrument, Periodic Payment, Total | 5,000 | ||||
Debt Instrument, Face Amount | 36,884 | ||||
The 6.59% Loan Payable [Member] | |||||
Debt Instrument, Interest Rate, Stated Percentage | 6.59% | ||||
Debt Instrument, Face Amount | $ 34,222 | ||||
Secured Long-term Debt, Noncurrent | 34,222 | ||||
Secured Debt, Current | $ 4,666 |
Note 8 - Capital Leases Payab_3
Note 8 - Capital Leases Payable (Details Textual) | 12 Months Ended | |
Mar. 31, 2019USD ($) | Jun. 30, 2019USD ($) | |
Capital Leased Assets, Number of Units | 7 | |
Capital Leases, Buyout Option | $ 1 | |
Capitalized Contract Cost, Net, Current | 1,162,240 | |
Capital Leases, Future Minimum Payments, Present Value of Net Minimum Payments, Total | $ 1,282,756 | |
Capital Leases, Future Minimum Payments, Interest Included in Payments | 416,238 | |
Capital Leases, Future Minimum Payments, Net Minimum Payments, Total | 885,753 | |
Capital Lease Obligations, Current | 214,529 | 288,570 |
Capital Lease Obligations, Noncurrent | 667,053 | $ 597,183 |
Capital Lease Obligations [Member] | ||
Debt Instrument, Periodic Payment, Total | $ 34,171 |
Note 8 - Capital Leases Payab_4
Note 8 - Capital Leases Payable - Future Annual Principal Payments Under Capital Leases (Details) | Jun. 30, 2019USD ($) |
2020 | $ 473,371 |
2021 | 396,590 |
2022 | 292,228 |
2023 | 113,180 |
2024 | 7,387 |
Total | 1,282,756 |
Capital Lease [Member] | |
2020 | 255,376 |
2021 | 271,026 |
2022 | 247,275 |
2023 | 104,863 |
2024 | 7,213 |
Total | 885,753 |
Interest Payable [Member] | |
2020 | 217,995 |
2021 | 125,564 |
2022 | 44,953 |
2023 | 8,317 |
2024 | 174 |
Total | $ 416,238 |