Quarterly report pursuant to Section 13 or 15(d)

Note 3 - Notes Payable and Long Term Loan (Tables)

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Note 3 - Notes Payable and Long Term Loan (Tables)
3 Months Ended
Mar. 31, 2016
Debt Disclosure [Abstract]  
Schedule of notes payable
      March 31,     December 31,
      2016     2015
             
Notes payable at beginning of period   $ 2,333,751    $ 1,377,416 
Notes payable issued     302,500      1,586,250 
Repayments of notes payable in cash     (125,000)     (138,000)
Less amounts converted to equity     (125,000)     (491,915)
Notes payable at end of period     2,386,251      2,333,751 
Less debt discount     (843,164)     (799,307)
    $ 1,543,087    $ 1,534,444 
             
             
Notes payable issued to related parties   $ 245,000    $ 245,000 
Notes payable issued to non-related parties   $ 1,298,087    $ 1,289,444 
The maturity dates on the notes payable
The maturity dates on the notes payable are as follows:
                 
  Notes to      
12 months ending,   Related parties     Non-related parties   Total
                 
March 31, 2017 $ 245,000   $ 1,328,750   $ 1,573,750
March 31, 2018 $ -   $ 762,500   $ 762,500
March 31, 2019 $ -   $ 50,000   $ 50,000
  $ 245,000   $ 2,141,250   $ 2,386,250
                 
Current notes payable $ 245,000   $ 1,328,750   $ 1,573,750
Long term notes payable $ -   $ 812,500   $ 812,500
Conversion Feature Derivative Liability
    Three months ended March 31,
    2016   2015
       
Expected term   3 to 28  months   0
Exercise price   $0.07 to $0.26   $0.00
Expected volatility   221% to 264%   0%
Expected dividends   0   0
Risk-free interest rate   0.59% to 1.06%   0.00%
Forfeitures   0   0
Derivative Liabilities
    Derivative
    Liability
Balance December 31, 2015   $ 3,973,542 
       
  Issuance of convertible debt     628,132 
  Settlements by debt extinguishment     (236,439)
  Change in estimated fair value     (1,024,602)
       
Balance March 31, 2016   $ 3,340,633 
Schedule of future minimum payments
Maturity dates of long term debt      
         
  Twelve months ending,      
  March 31, 2017   $ 12,121
  March 31, 2018   $ 12,488
  March 31, 2019   $ 1,064
      $ 25,673
         
  Current portion   $ 12,121
  Long term portion   $ 13,552