Loss on extinguishment of debt (15,866) - (15,866) -

Payment of debt extinguishment costs ??? (36,054 )

Premiums and costs paid upon extinguishment of long-term debt

In the Guide, as in BPM6, a change in the terms of a debt instrument is to be reported as the creation of a new debt instrument, with the original debt extinguished.

Otherwise, repayment is at the rate of 10% of the amount disbursed per pay period, until the debt is fully paid.

Indeed, shalom incorporates an idea of ​​justice as repairing, as the repayment and extinction of a debt and its inherit imbalance.

(e) Gain on extinguishment of long-term debt is reflected under other expense (income), net in the Consolidated Statements of Operations.