Quarterly report pursuant to Section 13 or 15(d)

NOTE 13: CONVERTIBLE NOTES PAYABLE: Schedule of Convertible Notes Payable (Tables)

v3.19.2
NOTE 13: CONVERTIBLE NOTES PAYABLE: Schedule of Convertible Notes Payable (Tables)
6 Months Ended
Jun. 30, 2019
Tables/Schedules  
Schedule of Convertible Notes Payable

 

 

 

June 30,

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

 

164,985

 

128,752

Total

 

5,649,463

 

5,613,230

Less: unamortized debt discount/finance premium costs

 

(777,679)

 

(815,004)

Convertible note payable, net

 

4,871,784

 

4,798,226

Less: current portion

 

-

 

-

Long term portion

$

4,871,784

$

4,798,226