Note 8 – Note Payable – bank 

There has been no default notice from Enterprise Bank. Enterprise Bank has requested that we move from an interest only payment to a self-amortized arrangement. We are in the process of a recommendation in the second half of 2017 for a new payment schedule. Interest only payments have been paid with the last monthly payment made in February 2017. The interest rate on this note was 5.32%. The Company is in current negotiations to either modify or extend this loan.