NOTE 8. ACQUISITION RELATED SHORT AND LONG TERM BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Schedule of Acquisition Related Short And Long Term Borrowings

Short-term and Long-term borrowings, acquisition related, consist of the following:	December  31,		December 31,
Short term debt; acquisition related;	2019		2018
Short term note – Jean Mork Bredeson Cash deficit holdback		210,000		-
Short Term note – Jean Mork Bredeson Purchase allocation		1,381,914		-
Total short-term debt, acquisition related		1,591,914		-
Long term debt; acquisition related;
Promissory Note – Jean Mork Bredeson, interest rate of 5.5%, due 2/28/2022		2,100,000		-
Total short-term and long-term borrowings, before debt discount		3,361,914		-
Less debt discount		230,215		-
Total short-term and long-term borrowings, acquisition related	$	3,461,699	$	-