Quarterly report pursuant to Section 13 or 15(d)

DEBT (Tables)

v3.10.0.1
DEBT (Tables)
9 Months Ended
Sep. 30, 2018
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:


 

 

September 30, 2018

 

December 31, 2017

 

Notes Payable

 

Principal

 

 

 

Interest

 

Principal

 

 

 

Interest

 

Third Party - Insurance Note 1

 

$

2,219

 

 

 

10.30

%

 

$

25,075

 

 

 

10.30

%

 

Third Party - Insurance Note 2

 

 

19,804

 

 

 

10.00

%

 

 

11,679

 

 

 

10.00

%

 

Third Party - Insurance Note 3

 

 

25,818

 

 

 

8.80

%

 

 

 

 

 

 

 

 

Third Party - Insurance Note 4

 

 

21,197

 

 

 

10.25

%

 

 

12,903

 

 

 

9.24

%

 

Total

 

$

69,038

 

 

 

 

 

 

$

49,657

 

 

 

 

 

 

Notes Payable - Related Parties

The Company’s notes payable to related parties classified as current liabilities consist of the following as of:


 

 

September 30, 2018

 

December 31, 2017

Notes Payable

 

Principal

 

Interest

 

Principal

 

Interest

CEO

 

$

 

 

8

%

 

$

9,078

 

 

8

%

Sub-total current portion

 

 

 

 

 

 

 

 

9,078

 

 

 

 

Add long-term portion-CEO

 

 

 

 

 

 

 

 

39,137

 

 

 

 

Total

 

$

 

 

 

 

 

$

48,215