NOTE 3 - DEBT (Tables)
|
6 Months Ended |
Jun. 30, 2017 |
|---|
| Debt Disclosure [Abstract] |
|
| Notes Payable - Financing Agreements |
The Company’s notes payable relating to financing agreements classified as current liabilities consist of the following as of:
|
|
|
June 30, 2017
|
|
December 31, 2016
|
|
|
Notes Payable
|
|
Principal
|
|
|
|
Interest
|
|
Principal
|
|
|
|
Interest
|
|
|
Third Party - Insurance Note 1
|
|
$
|
10,890
|
|
|
|
10.30
|
%
|
|
$
|
25,075
|
|
|
|
9.75
|
%
|
|
|
Third Party - Insurance Note 2
|
|
|
1,631
|
|
|
|
10.00
|
%
|
|
|
9,861
|
|
|
|
10.00
|
%
|
|
|
Third Party - Insurance Note 3
|
|
|
90,253
|
|
|
|
8.30
|
%
|
|
|
—
|
|
|
|
8.05
|
%
|
|
|
Third Party - Insurance Note 4
|
|
|
37,770
|
|
|
|
9.95
|
%
|
|
|
11,432
|
|
|
|
9.24
|
%
|
|
|
Total
|
|
$
|
140,544
|
|
|
|
|
|
|
$
|
46,368
|
|
|
|
|
|
|
|
| Notes Payable - Related Parties |
The Company’s notes payable to related parties classified as current liabilities consist of the following as of:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2017
|
|
December 31, 2016
|
|
Notes Payable
|
|
Principal
|
|
Interest
|
|
Principal
|
|
Interest
|
|
Shareholder
|
|
$
|
65,000
|
|
|
9
|
%
|
|
$
|
65,000
|
|
|
9
|
%
|
|
Related party
|
|
|
13,369
|
|
|
8
|
%
|
|
|
13,369
|
|
|
8
|
%
|
|
Related party
|
|
|
—
|
|
|
—
|
|
|
|
10,504
|
|
|
—
|
|
|
Related party
|
|
|
56,500
|
|
|
8
|
%
|
|
|
56,500
|
|
|
8
|
%
|
|
Related Party
|
|
|
—
|
|
|
—
|
|
|
|
3,170
|
|
|
—
|
|
|
Related Party
|
|
|
8,431
|
|
|
8
|
%
|
|
|
8,431
|
|
|
8
|
%
|
|
CFO
|
|
|
31,973
|
|
|
8
|
%
|
|
|
31,973
|
|
|
8
|
%
|
|
Shareholder
|
|
|
226,936
|
|
|
6
|
%
|
|
|
226,936
|
|
|
6
|
%
|
|
CEO
|
|
|
8,781
|
|
|
8
|
%
|
|
|
8,383
|
|
|
8
|
%
|
|
Shareholder
|
|
|
105,219
|
|
|
8
|
%
|
|
|
105,219
|
|
|
8
|
%
|
|
Sub-total current portion
|
|
|
516,209
|
|
|
|
|
|
|
529,485
|
|
|
|
|
|
Add long-term portion-CEO
|
|
|
43,716
|
|
|
|
|
|
|
48,231
|
|
|
|
|
|
Total
|
|
$
|
559,925
|
|
|
|
|
|
$
|
577,716
|
|
|
|
|
|
| Notes Payable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2017
|
|
|
December 31, 2016
|
|
|
Payable To
|
|
|
|
|
|
|
|
Principal
|
|
|
Interest
|
|
|
Principal
|
|
|
Interest
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shareholder
|
|
|
|
|
|
|
|
|
|
$
|
19,108
|
|
|
|
—
|
|
|
$
|
19,108
|
|
|
|
—
|
|
|
Vendor
|
|
|
|
|
|
|
|
|
|
|
—
|
|
|
|
—
|
|
|
|
22,500
|
|
|
|
—
|
|
|
Total
|
|
|
|
|
|
|
|
|
|
$
|
19,108
|
|
|
|
|
|
|
$
|
41,608
|
|
|
|
|
|
|
| Convertible Notes Payable-Net of Discounts, Including Premiums |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2017
|
|
|
December 31, 2016
|
|
|
Payable To
|
|
Principal
|
|
|
Premium
|
|
|
Principal, Including Premium
|
|
|
Principal
|
|
|
Premium
|
|
|
Principal, Including Premium
|
|
|
Vendor
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
50,000
|
|
|
$
|
50,000
|
|
|
$
|
100,000
|
|
|
Vendor
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
46,975
|
|
|
|
46,975
|
|
|
|
93,950
|
|
|
Total
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
96,975
|
|
|
$
|
96,975
|
|
|
$
|
193,950
|
|
|
| Notes Payable - Third Party |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2017
|
|
|
December 31, 2016
|
|
|
Payable To
|
|
Principal
|
|
|
Less Unamortized Discounts
|
|
|
Principal, Less Unamortized Discounts
|
|
|
Principal
|
|
|
Less Unamortized Discounts
|
|
|
Principal, Less Unamortized Discounts
|
|
|
Note 1-non-current
|
|
$
|
1,800,000
|
|
|
$
|
461,594
|
|
|
$
|
1,338,406
|
|
|
$
|
1,800,000
|
|
|
$
|
593,478
|
|
|
$
|
1,206,522
|
|
|
Note 2-current
|
|
|
1,842,105
|
|
|
|
380,110
|
|
|
|
1,461,995
|
|
|
|
605,263
|
|
|
|
559,661
|
|
|
|
45,602
|
|
|
Total
|
|
$
|
3,642,105
|
|
|
$
|
841,704
|
|
|
$
|
2,800,401
|
|
|
$
|
2,405,263
|
|
|
$
|
1,153,139
|
|
|
$
|
1,252,124
|
|
|