INSURANCE PREMIUM FINANCING

9 Months Ended

Sep. 30, 2019

INSURANCE PREMIUM FINANCING

INSURANCE PREMIUM FINANCING

NOTE 8 – INSURANCE PREMIUM FINANCING

During October 2018, the Company entered into agreements to finance approximately $4.7 million to third-party financing companies for the Company’s annual insurance premiums.  During the quarter ended September 30, 2019, this note payable was paid in full.

During October 2019, the Company entered into an agreement to finance approximately $4.5 million with a third-party financing company for a portion of the Company's annual insurance premiums.