Quarterly report pursuant to Section 13 or 15(d)

Notes Payable and Long Term Loan (Tables)

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Notes Payable and Long Term Loan (Tables)
6 Months Ended
Jun. 30, 2018
Debt Disclosure [Abstract]  
Schedule of Notes Payable

As of June 30, 2018, other notes payable outstanding totaled $3,102,903, of which $919,903 are past maturity.

 

    June 30, 2018     December 31, 2017  
             
Notes payable at beginning of period   $ 7,356,144     $ 3,193,956  
Notes payable issued     950,370       5,837,070  
Settlements on note payable     (47,500 )     (95,597 )
Repayments of notes payable in cash     (12,500 )     (96,000 )
Less amounts converted to stock     (757,491 )     (1,483,285 )
Notes payable at end of period     7,489,023       7,356,144  
Less debt discount     (1,355,554 )     (2,624,984 )
    $ 6,133,469     $ 4,731,160  
                 
Notes payable issued to related parties   $ 270,000     $ 270,000  
Notes payable issued to non-related parties   $ 5,863,469     $ 4,461,160  

Schedule of Maturity Dates of Notes Payable

The maturity dates on the notes payable are as follows: 

 

Twelve months ending,   Non-related parties     Related parties     Total  
Past due   $ 2,448,653     $ -     $ 2,448,653  
June 30, 2019     4,770,370       270,000       5,040,370  
Total   $ 7,219,023     $ 270,000     $ 7,489,023