Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt and Notes Payable (Tables)

v3.5.0.2
Long-Term Debt and Notes Payable (Tables)
 9 Months Ended
Sep. 30, 2016
Debt Disclosure [Abstract]  
Summary of Long-Term Debt and Notes Payable

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

 

    September 30, 2016     December 31, 2015  
             
             
Note Payable, due January 2017, net of discount of $42,966 and $171,868, respectively   $ 4,957,034     $ 4,828,132  
                 
Note Payable, due January 2017     771,309       942,918  
                 
Note Payable, due October 2018     92,252       132,596  
                 
Mortgage Note, South Africa, due July 2024     218,436       208,131  
                 
Bank overdraft facilities, South Africa, annual renewal     165,095       180,377  
                 
Equipment financing arrangements, South Africa     156,558       189,490  
                 
2016 Credit facility, due January 2017     75,004       -  
                 
Total long-term debt   $ 6,435,688     $ 6,481,644  
Current portion of long-term debt     6,130,583       5,383,003  
Long-term debt, less current portion   $ 305,105     $ 1,098,641