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6. Note Payable to Bank
3 Months Ended
Mar. 31, 2017
Debt Disclosure [Abstract]  
Note Payable to Bank

At March 31, 2017 and December 31, 2016, the Company had the following notes payable to the bank:

 

    March 31,     December 31,  
    2017     2016  
Promissory note payable to First Security Bank of Missoula,            
bearing interest at 5.0%, maturing February 27, 2018,            
payable on demand, collateralized by a lien on Certificate of            
Deposit number 48614   $ 83,303     $ 76,350  
                 
Promissory note payable to First Security Bank of Missoula,                
bearing interest at 5.0%, maturing February 27, 2018,                
payable on demand, collateralized by a lien on Certificate of                
Deposit number 48615     99,999       90,967  
                 
Total notes payable to bank   $ 183,302     $ 167,317  

 

These notes are personally guaranteed by John C. Lawrence the Company’s President and Chairman of the Board of Directors. The maximum amount available for borrowing under each note is $99,999.