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NOTE 6 - INCOME TAXES
NOTE 4-LINE OF CREDIT
NOTE 5 - LONG-TERM DEBT
2021
2022
2018
2019
2020

See Independent Accountant's Review Report.

$
_$_
Long-term debt consists of the following at September 30:

Year ending September 30 Amount
(Continued)
12,218
65/580
25,873
12,217
12,218
3,054
Maturities of long-term debt are as follows as of September 30, 2017:
FGM ARCHITECTS INC.
Notes payable to various stockholders due through December 2021. Notes
call for quarterly principal payments of $3/414, $1,712, and $1,342 plus
NOTES TO THE FINANCIAL STATEMENTS
2017 2016
Current $( 1,888) $ 2/351
$ 105,112 $ 252/351
Deferred 107,000 250,000

The components of the benefit from income taxes and deferred income taxes are as follows for September 30:

2017 2016
30, 2017 and 2016. There were no outstanding borrowings under this agreement as of September 30, 2017 and 2016.
Less: Current portion 25/873 27,350
$ 39/707 $ 42,757
interest at the Prime Rate. $ 65,580 $ 70,107
(4.25% as of September 30, 2017, "Prime Rate") plus 0.25%. Borrowings on the line are collateralized by a priority lien on
net worth. Management believes the Company was in compliance with all covenants as of and for the years ended September
The Company has a $1,250,000 line of credit with a bank which matures on May 1,2018 and bears interest at bank's prime rate
substantially all of the Company's assets. The line of credit agreement includes a financial covenant related to minimum tangible
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