Quarterly report pursuant to Section 13 or 15(d)

DEBT (Tables)

v3.19.3
DEBT (Tables)
9 Months Ended
Sep. 30, 2019
Debt Disclosure [Abstract]  
Schedule of 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, 2019

 

December 31, 2018

 

Notes Payable

 

Principal

 

 

 

Interest

 

Principal

 

 

 

Interest

 

Third Party - Insurance Note 1

 

$

—

 

 

 

9.29

%

 

$

25,066

 

 

 

9.29

%

 

Third Party - Insurance Note 2

 

 

15,844

 

 

 

6.36

%

 

 

8,501

 

 

 

10.25

%

 

Third Party - Insurance Note 3

 

 

—

 

 

 

10.75

%

 

 

14,763

 

 

 

10.75

%

 

Third Party - Insurance Note 4

 

 

43,103

 

 

 

6.36

%

 

 

—

 

 

 

—

 

 

Total

 

$

58,947

 

 

 

 

 

 

$

48,330

 

 

 

 

 

 

Schedule of Notes Payable - Related Parties

 

 

 

 

 

 

 

 

September 30, 2019

 

 

December 31, 2018

 

Payable To

 

 

 

 

 

 

 

Principal

 

 

Interest

 

 

Principal

 

 

Interest*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Related party

 

 

 

 

 

 

 

 

 

$

267,000

 

 

 

3%

 

 

 

—

 

 

 

—

 

Related party

 

 

 

 

 

 

 

 

 

 

733,000

 

 

 

3%

 

 

 

—

 

 

 

—

 

Total

 

 

 

 

 

 

 

 

 

 

1,000,000

 

 

 

 

 

 

 

—

 

 

 

 

 

Less unamortized discounts

 

 

 

 

 

 

 

 

 

 

(143,628)

 

 

 

 

 

 

 

—

 

 

 

 

 

Total, net

 

 

 

 

 

 

 

 

 

$

856,372

 

 

 

 

 

 

$

—

 

 

 

 

Schedule of Notes Payable

 

 

 

 

 

 

 

 

 

September 30, 2019

 

 

December 31, 2018

 

Payable To

 

 

 

 

 

 

 

 

Principal

 

 

Interest

 

 

Principal

 

 

Interest*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shareholder

 

 

 

 

 

 

 

 

 

 

$

262,500

 

 

 

 

 

 

$

—

 

 

 

—

 

Less unamortized discounts

 

 

 

 

 

 

 

 

 

 

 

(6,250

)

 

 

 

 

 

 

—

 

 

 

 

 

Total, net

 

 

 

 

 

 

 

 

 

 

$

256,250

 

 

 

 

 

 

$

—