Quarterly report pursuant to Section 13 or 15(d)

NOTE 10: CONVERTIBLE NOTES PAYABLE: Schedule of Convertible Notes Payable (Tables)

v3.10.0.1
NOTE 10: CONVERTIBLE NOTES PAYABLE: Schedule of Convertible Notes Payable (Tables)
6 Months Ended
Jun. 30, 2018
Tables/Schedules  
Schedule of Convertible Notes Payable

 

 

June 30,

2018

December 31,

2017

Convertible note payable, due on April 21, 2025, interest at 4% p.a.

$

-

$

16,600

Convertible note payable, due on October 1, 2029, interest at 3.5% p.a.

484,478

850,000

Convertible note payable, due on October 1, 2029, interest at 3.5% p.a.

1,000,000

1,000,000

Convertible note payable, due on December 12, 2018, interest at 8% p.a.

3,261,144

4,210,000

Finance premium costs payable, due on December 12, 2018

815,286

1,050,000

Accrued interest

110,056

172,143

Total

5,670,964

7,298,743

Less: unamortized debt discount/finance premium costs

(1,133,217)

(1,938,690)

Convertible note payable, net

4,537,747

5,360,053

Less: current portion

(3,821,905)

(4,635,914)

Long term portion

$

715,842

$

724,139