Quarterly report pursuant to Section 13 or 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)
3 Months Ended
Mar. 31, 2019
Tables/Schedules  
Schedule of Convertible Notes Payable

 

 

 

March 31,

2019

 

December 31,

2018

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

$

484,478

$

484,478

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 November 1, 2021, interest at 3.5% p.a.

 

4,000,000

 

4,000,000

Accrued interest

 

176,741

 

128,752

Total

 

5,661,219

 

5,613,230

Less: unamortized debt discount/finance premium costs

 

(796,341)

 

(815,004)

Convertible note payable, net

 

4,864,878

 

4,798,226

Less: current portion

 

-

 

-

Long term portion

$

4,864,878

$

4,798,226