Annual report pursuant to Section 13 and 15(d)

15. Notes payable - short term

v3.19.1
15. Notes payable - short term
12 Months Ended
Dec. 29, 2018
Notes Payable - Short Term  
Notes payable - short term

Note 15:        Notes payable – short term

 

On August 18, 2017, the Company, as part of its acquisition of GeoTraq, issued unsecured promissory notes to the sellers of GeoTraq with interest at the annual rate of interest of 1.29% maturing on August 18, 2018. The original balance of the notes payable – short term was $800. The outstanding balance of the notes payable – short term as of December 29, 2018 and December 30, 2017 is $0 and $300, respectively. Interest accrued at December 30, 2017 was included in accrued expenses. See Note 5.