NOTE 6 - DEBT (Tables)
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12 Months Ended |
Dec. 31, 2017 |
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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, 2017 and 2016:
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December 31, 2017
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December 31, 2016
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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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10.30
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%
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$
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25,075
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|
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9.75
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%
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Third Party - Insurance Note 2
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11,679
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|
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10.00
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%
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9,861
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10.00
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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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8.05
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%
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Third Party - Insurance Note 4
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12,903
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9.24
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%
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11,432
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9.24
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%
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Total
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$
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49,657
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$
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46,368
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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, 2017 and 2016:
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December 31, 2017
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December 31, 2016
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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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|
|
|
|
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|
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Shareholder
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$
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—
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9
|
%
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$
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65,000
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|
9
|
%
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Related party
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—
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|
8
|
%
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13,369
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|
8
|
%
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Related party
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—
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—
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10,504
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—
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Related party
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—
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8
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%
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56,500
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|
8
|
%
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Related Party
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|
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—
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—
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3,170
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—
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Related Party
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—
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8
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%
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8,431
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8
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%
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CFO
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—
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8
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%
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31,973
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—
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Shareholder
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—
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|
6
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%
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226,936
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|
6
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%
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CEO
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9,078
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|
8
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%
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8,383
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—
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Shareholder
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—
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8
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%
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105,219
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—
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Sub-total current portion
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9,078
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529,485
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Add long-term portion-CEO
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39,137
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48,231
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Total
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$
|
48,215
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|
|
|
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$
|
577,716
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| Notes Payable |
Notes Payable
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December 31, 2017
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December 31, 2016
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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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—
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—
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$
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19,108
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—
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Vendor
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—
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—
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22,500
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—
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Total
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$
|
—
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$
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41,608
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| Convertible Notes Payable-Net of Discounts, Including Premiums |
Convertible Notes, Including Premiums
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December 31, 2017
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|
December 31, 2016
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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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|
$
|
—
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$
|
—
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$
|
50,000
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|
$
|
50,000
|
|
|
$
|
100,000
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|
Vendor
|
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—
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—
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—
|
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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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|
$
|
—
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|
$
|
—
|
|
|
$
|
96,975
|
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|
$
|
96,975
|
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|
$
|
193,950
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|
| Notes Payable - Third Parties |
Notes Payable – Third Parties
|
|
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December 31, 2017
|
|
|
December 31, 2016
|
|
|
Payable To
|
|
Principal
|
|
|
Less Unamortized Discounts
|
|
|
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
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
1,800,000
|
|
|
$
|
593,478
|
|
|
$
|
1,206,522
|
|
|
Note 2-current
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
605,263
|
|
|
|
559,661
|
|
|
|
45,602
|
|
|
Total
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
2,405,263
|
|
|
$
|
1,153,139
|
|
|
$
|
1,252,124
|
|
|