Quarterly report pursuant to Section 13 or 15(d)

Factor Receivables, Letters of Credit Payable and Loan Payable (Tables)

v3.19.2
Factor Receivables, Letters of Credit Payable and Loan Payable (Tables)
6 Months Ended
Jun. 30, 2019
Debt Disclosure [Abstract]  
Schedule of Factor Loan Payable Activity

Factor loan payable activity 

 

    Three Months Ended June 30,     Six Months Ended June 30,  
    2019     2018     2019     2018  
Factor loan payable beginning balance   $ 1,206,069     $ 1,484,821     $ 1,304,512     $ 1,078,941  
Advances received     916,050       1,425,499       1,809,884       2,988,874  
Advances repaid     (1,036,589 )     (1,770,339 )     (2,028,866 )     (2,927,834 )
Ending balance - Factor loan payable   $ 1,085,530     $ 1,139,981     $ 1,085,530     $ 1,139,981  
                                 
Factor interest and fees paid   $ 86,275     $ 134,637     $ 168,538     $ 215,831