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Tax benefit 25% (215,750) $ (215,750) $ (215,750) $ (215,750) $ (215,750) $ (215,750) Interest - net $ 647.250 $ 647,250 $ 647,250 $ 647,250
Tax benefit 25% (215,750) $ (215,750) $ (215,750) $ (215,750) $ (215,750) $ (215,750) Interest - net $ 647.250 $ 647,250 $ 647,250 $ 647,250 $ 647.250 $ 647,250 Principal rpymts Total Payments $ 647.250 647,250 647,250 647 250 647,250 647,250 rincipal outstanding $ 10,000,000 $ 10,000,000 $ 10,000,000 $ 10,000,000 $ 10,000,000 $ 10,000,000 let interest rate 6.47% 6.47% 6.47% 6.47% 6.47% 6.47% Common shares issuable upon conversion 156,250 15.63% referred Stock $ 8,000,000 n/a 9.38% 0.00% Dividend 750,400 $ 750,400 $ 750,400 750,400 750,400 750,400 Tax benefit 0% Interest - net $ 750.400 $ 750.400 $ 750.400 $ 750.400 $ 750.400 $ 750.400 Principal rpymts $ Total Payments $ 750.400 $ 750.400 $ 750.400 $ 750.400 750.400 750.400 rincipal outstanding 8,000,000 $ 8,000,000 $ 8,000,000 $ 8,000,000 $ 8,000,000 $ 8,000,000 let interest rate 9.38% 9.38% 9.38% 9.38% 9.38% 9.38% Common shares issuable under warrant 104,000 10.40% ommon Stock $ 8,000,000 New shares issued 150,944 15.09%% Dividends per share 2.69 $ 2.98 $ 3.30 3.63 3.94 $ 4.28 otla dividends on new shares 405,681 $ 450,362 $ 497,938 548,641 $ 594,230 $ 645,590
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