7. SHORT-TERM DEBT, NET (Tables)

12 Months Ended

Dec. 31, 2017

Short-term Debt Net Tables

Schedule of short term debt

	As of December 31, 2016			Movement			As of December 31, 2017
Acacia International Ltd	$	300,000		$	(300,000	)	$	—
Conquistador Shipping Corporation		1,000,000			(200,000	)		800,000
Cancellation loan fee		110,000			—			110,000
Total short-term debt		1,410,000			(500,000	)		910,000
Debt discount		(30,000	)		—			(30,000	)
Amortization of debt discount		1,989			28,011			30,000
Total short-term debt, net	$	1,381,989		$	(471,989	)	$	910,000