Annual report pursuant to Section 13 and 15(d)

NOTE 11: CONVERTIBLE NOTES PAYABLE: Schedule of Convertible Notes Payable (Tables)

v3.19.1
NOTE 11: CONVERTIBLE NOTES PAYABLE: Schedule of Convertible Notes Payable (Tables)
12 Months Ended
Dec. 31, 2018
Tables/Schedules  
Schedule of Convertible Notes Payable

 

 

 

December 31,

2018

 

December 31,

2017

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

$

-

$

16,600

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

 

484,478

 

850,000

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

 

1,000,000

 

1,000,000

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

 

-

 

5,260,000

Convertible note payable, due on November 1, 2021, interest at 3.5%.

 

4,000,000

 

-

Accrued interest

 

128,752

 

172,143

Total

 

5,613,230

 

7,298,743

Less unamortized debt discount

 

(815,004)

 

(1,938,690)

Convertible note payable, net

 

4,798,226

 

5,360,053

Less current portion

 

-

 

(4,635,914)

Long term portion

$

4,798,226

$

724,139