Quarterly report pursuant to Section 13 or 15(d)

Convertible Notes Payable (Tables)

v3.8.0.1
Convertible Notes Payable (Tables)
 9 Months Ended
Sep. 30, 2017
Convertible Notes Payable [Abstract]  
Schedule of Convertible Notes Payable

Convertible Notes payable are summarized as follows:

 

    September 30, 2017     December 31, 2016  
             
6% Convertible notes payable due June 2018   $ 3,000,000     $ 3,000,000  
Discounts on above convertible note     -       -  
8% Convertible notes payable due March 2019     100,000       100,000  
Premium on above convertible note     7,352       -  
8% Convertible notes payable due March 2019     100,000       150,000  
Premium (discount) on above convertible note     7,352       (46,936 )
8% Convertible notes payable due March 2019     -       475,000  
Total Convertible notes payable     3,214,704       3,678,064  
Current portion of convertible notes payable     -       -  
Convertible notes payable, less current portion   $ 3,214,704     $ 3,678,064