Annual report pursuant to Section 13 and 15(d)

PREMIUM FINANCE LOANS PAYABLE

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PREMIUM FINANCE LOANS PAYABLE
12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
PREMIUM FINANCE LOANS PAYABLE

NOTE 10 –PREMIUM FINANCE LOANS PAYABLE


Premium Finance Loan Payable


The Company generally finances its annual insurance premiums through the use of short-term notes, payable in 10 equal monthly installments.  Coverages financed include Directors and Officers and Errors and Omissions with premiums financed in 2016 of $60,943 and $24,747, respectively.


Total Premium Finance Loan Payable balance for all of the Company's policies was $53,643 at December 31, 2016 and $52,406 at December 31, 2015.