SEC Info - Tribus Enterprises, Inc. - ‘10-Q’ for 12/31/19

Quarterly Report — Form 10-Q — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    311K 
 2: EX-31.1     Certification -- §302 - SOA'02                      HTML     20K 
 3: EX-31.2     Certification -- §302 - SOA'02                      HTML     20K 
 4: EX-32.1     Certification -- §906 - SOA'02                      HTML     15K 
26: R1          Document And Entity Information                     HTML     45K 
36: R2          Condensed Consolidated Balance Sheets (Current      HTML    105K 
                Period Unaudited)                                                
32: R3          Condensed Consolidated Balance Sheets (Current      HTML     39K 
                Period Unaudited) (Parentheticals)                               
14: R4          Consolidated Statements of Operations               HTML     66K 
25: R5          Consolidated Statement of Stockholders' Equity      HTML     71K 
35: R6          Consolidated Statements of Cash Flows               HTML     96K 
31: R7          Note 1 - Nature of Operations and Organization      HTML     18K 
15: R8          Note 2 - Unaudited Condensed Consolidated Interim   HTML     21K 
                Financial Statements                                             
24: R9          Note 3 - Going Concern                              HTML     21K 
21: R10         Note 4 - Current Deposits                           HTML     20K 
12: R11         Note 5 - Revenue Recognition                        HTML     20K 
33: R12         Note 6 -Inventory                                   HTML     19K 
38: R13         Note 7 - Deferred Revenue                           HTML     18K 
22: R14         Note 8 - Capital Stock                              HTML     26K 
13: R15         Note 9 - Operating Leases                           HTML     31K 
34: R16         Note 10 - Loans Payable                             HTML     36K 
39: R17         Note 11 - Capital Leases Payable                    HTML     35K 
23: R18         Note 12 - Subsequent Events                         HTML     17K 
11: R19         Note 9 - Operating Leases (Tables)                  HTML     23K 
29: R20         Note 11 - Capital Leases Payable (Tables)           HTML     31K 
40: R21         Note 4 - Current Deposits (Details Textual)         HTML     23K 
19: R22         Note 5 - Revenue Recognition (Details Textual)      HTML     15K 
17: R23         Note 6 -Inventory (Details Textual)                 HTML     18K 
30: R24         Note 7 - Deferred Revenue (Details Textual)         HTML     17K 
41: R25         Note 8 - Capital Stock (Details Textual)            HTML     67K 
20: R26         Note 9 - Operating Leases (Details Textual)         HTML     34K 
18: R27         Note 9 - Operating Leases - Future Minimum          HTML     27K 
                Payments (Details)                                               
28: R28         Note 10 - Loans Payable (Details Textual)           HTML     87K 
42: R29         Note 11 - Capital Leases Payable (Details Textual)  HTML     37K 
37: R30         Note 11 - Capital Leases Payable - Future Annual    HTML     31K 
                Principal Payments Under Capital Leases (Details)                
16: XML         IDEA XML File -- Filing Summary                      XML     71K 
43: EXCEL       IDEA Workbook of Financial Reports                  XLSX     35K 
 5: EX-101.INS  XBRL Instance -- trib-20191231                       XML    635K 
 7: EX-101.CAL  XBRL Calculations -- trib-20191231_cal               XML     90K 
 8: EX-101.DEF  XBRL Definitions -- trib-20191231_def                XML    540K 
 9: EX-101.LAB  XBRL Labels -- trib-20191231_lab                     XML    474K 
10: EX-101.PRE  XBRL Presentations -- trib-20191231_pre              XML    566K 
 6: EX-101.SCH  XBRL Schema -- trib-20191231                         XSD     82K 
27: ZIP         XBRL Zipped Folder -- 0001437749-20-002693-xbrl      Zip     61K

‘R17’ — Note 11 – Capital Leases Payable

This is an IDEA Financial Report. [ Alternative Formats ]

Note 11 - Capital Leases Payable

9 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Capital Leases in Financial Statements of Lessee Disclosure [Text Block]

NOTE

– CAPITAL LEASES PAYABLE

The Company accounts for capital leases in accordance with ASC

842.

During the year ended

March 31, 2019,

the Company entered into

seven

separate long-term leases for equipment that contain a

buyout option upon lease termination as well as others that contain bargain purchase option upon the lease termination. The Company determined these were capital leases based on the minimum buy out price and capitalized the net present value of the leases which totaled

$1,162,240

as equipment. The leases require total monthly payments of

$34,171.

As of

December 31, 2019,

there was a total of

$1,046,115

of future payments due through

June 2023

of which

$287,972

are financing charges leaving a total principal balance of

$758,143.

Of the total principal balance due,

$301,162

was current and

$456,981

was long term as of

December 31, 2019.

Future annual payments required under the capital leases through termination are as follows:

	Principal		Interest		Total
Year ended March 31,
2020	$	115,731	$	90,693	$	206,424
2021		268,302		137,008		405,310
2022		259,304		50,164		309,468
2023		107,662		9,864		117,526
2024		7,144		243		7,387
Total	$	758,143	$	287,972	$	1,046,115

Dates Referenced Herein and Documents Incorporated by Reference

This ‘10-Q’ Filing	Date	Other Filings

	3/31/20	10-K, NT 10-K
Filed on:	2/14/20
For Period end:	12/31/19
	3/31/19	10-K, NT 10-K
		List all Filings

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Filing Submission 0001437749-20-002693 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Tribus Enterprises, Inc. – ‘10-Q’ for 12/31/19 – ‘R17’

On: Friday, 2/14/20, at 10:42am ET · For: 12/31/19 · Accession #: 1437749-20-2693 · File #: 0-55799

Previous ‘10-Q’: ‘10-Q’ on 11/14/19 for 9/30/19 · Next: ‘10-Q’ on 8/19/20 for 6/30/20 · Latest: ‘10-Q’ on 2/14/22 for 12/31/21

Quarterly Report — Form 10-Q — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

‘R17’ — Note 11 – Capital Leases Payable

This is an IDEA Financial Report. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

Tribus Enterprises, Inc. – ‘10-Q’ for 12/31/19 – ‘R17’

On: Friday, 2/14/20, at 10:42am ET · For: 12/31/19 · Accession #: 1437749-20-2693 · File #: 0-55799

Previous ‘10-Q’: ‘10-Q’ on 11/14/19 for 9/30/19 · Next: ‘10-Q’ on 8/19/20 for 6/30/20 · Latest: ‘10-Q’ on 2/14/22 for 12/31/21

Quarterly Report — Form 10-Q — Sect. 13 / 15(d) – SEA’34Filing Table of Contents

‘R17’ — Note 11 – Capital Leases Payable

This is an IDEA Financial Report. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

Quarterly Report — Form 10-Q — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents