Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt and Notes Payable (Tables)

v3.4.0.3
Long-Term Debt and Notes Payable (Tables)
 3 Months Ended
Mar. 31, 2016
Debt Disclosure [Abstract]  
Summary of Long-Term Debt and Notes Payable

Long-term debt and notes payable are summarized as follows.

 

    March 31, 2016     December 31, 2015  
             
Note Payable, due January 2017, net of discount of $128,899 and $171,868, respectively   $ 4,871,101     $ 4,828,132  
                 
Note Payable, due January 2017     863,802       942,918  
                 
Note Payable, due October 2018     121,170       132,596  
                 
Mortgage Note, South Africa, due July 2024     212,001       208,131  
                 
Bank overdraft facilities, South Africa, annual renewal     162,173       180,377  
                 
Equipment financing arrangements, South Africa     176,937       189,489  
                 
Total long-term debt   $ 6,407,184     $ 6,481,643  
Current portion of long-term debt     6,088,264       5,383,002  
Long-term debt, less current portion   $ 318,920     $ 1,098,641