NOTE 6 - DEBT (Tables)
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12 Months Ended |
Dec. 31, 2016 |
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| Debt Disclosure [Abstract] |
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| Notes Payable - Financing Agreements |
The Company’s notes payable relating to financing agreements classified as current liabilities consist of the following as of December 31, 2016 and 2015:
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December 31, 2016
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December 31, 2015
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Notes Payable
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Principal
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Interest
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Principal
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Interest
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Third Party - Insurance Note 1
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$
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25,075
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9.75
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%
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$
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21,325
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9.75
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%
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Third Party - Insurance Note 2
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9,861
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10.00
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%
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11,277
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9.75
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%
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Third Party - Insurance Note 3
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—
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8.05
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%
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—
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8.66
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%
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Third Party - Insurance Note 4
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11,432
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9.24
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%
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11,422
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8.99
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%
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Total
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$
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46,368
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$
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44,024
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| Notes Payable - Related Parties |
The Company’s notes payable to related parties classified as current liabilities consist of the following as of December 31, 2016 and 2015:
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December 31, 2016
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December 31, 2015
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Notes Payable
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Principal
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Interest
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Principal
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Interest
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Shareholder
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$
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65,000
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9
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%
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$
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65,000
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9
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%
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Related party
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13,369
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8
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%
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17,651
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8
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%
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Related party
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10,504
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—
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33,615
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—
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Related party
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56,500
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8
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%
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36,500
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8
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%
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Related Party
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3,170
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—
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21,170
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—
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Related Party
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8,431
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8
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%
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11,131
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8
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%
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CFO
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31,973
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8
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%
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7,841
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—
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Shareholder
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226,936
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6
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%
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294,056
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6
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%
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CEO
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56,614
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8
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%
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—
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—
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Shareholder
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105,219
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8
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%
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—
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—
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Total
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$
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577,716
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$
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486,964
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| Notes Payable |
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December 31, 2016
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December 31, 2015
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Payable To
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Principal
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Interest
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Principal
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Interest
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Shareholder
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$
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19,108
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—
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$
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19,108
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—
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Shareholder
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—
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—
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125,000
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|
.67%
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Vendor
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22,500
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—
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52,500
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—
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Total
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$
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41,608
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$
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196,608
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| Convertible Notes Payable-Net of Discounts, Including Premiums |
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December 31, 2016
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December 31, 2015
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Payable To
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Principal
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Premium
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Principal, Including Premium
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Principal
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Premium
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Principal, Including Premium
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Vendor
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$
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50,000
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$
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50,000
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$
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100,000
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$
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50,000
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$
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50,000
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$
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100,000
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Vendor
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46,975
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46,975
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93,950
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46,975
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46,975
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93,950
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Total
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$
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96,975
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$
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96,975
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$
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193,950
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$
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96,975
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$
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96,975
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$
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193,950
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| Notes Payable – Third Parties |
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December 31, 2016
|
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|
December 31, 2015
|
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Payable To
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Principal
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Less Unamortized Discounts
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Principal, Less Unamortized Discounts
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Principal
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Less Unamortized Discounts
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Principal, Less Unamortized Discounts
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Note 1-non-current
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$
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1,800,000
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$
|
593,478
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$
|
1,206,522
|
|
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$
|
—
|
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$
|
—
|
|
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$
|
—
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|
Note 2-current
|
|
|
605,263
|
|
|
|
559,661
|
|
|
|
45,602
|
|
|
|
—
|
|
|
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—
|
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—
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Total
|
|
$
|
2,405,263
|
|
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$
|
1,153,139
|
|
|
$
|
1,252,124
|
|
|
$
|
—
|
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|
$
|
—
|
|
|
$
|
—
|
|