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)
9 Months Ended
Sep. 30, 2018
Debt Disclosure [Abstract]  
Schedule of Notes Payable

    September 30,     December 31,  
    2018     2017  
             
Notes payable at beginning of period   $ 7,356,144     $ 3,193,956  
Notes payable issued     2,606,870       5,837,070  
Settlements on note payable     (47,500 )     (95,597 )
Repayments of notes payable in cash     (375,500 )     (96,000 )
Less amounts converted to stock     (1,127,491 )     (1,483,285 )
Notes payable at end of period     8,412,523       7,356,144  
Less debt discount     (1,175,627 )     (2,624,984 )
    $ 7,236,896     $ 4,731,160  
                 
Notes payable issued to related parties   $ 270,000     $ 270,000  
Notes payable issued to non-related parties   $ 6,966,896     $ 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   $ 2,818,653     $ 100,000     $ 2,918,653  
September 30, 2019     5,323,870       170,000       5,493,870  
Total   $ 8,142,523     $ 270,000     $ 8,412,523