XML 1042 R20.htm IDEA: XBRL DOCUMENT v3.8.0.1
Debt (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2017
Dec. 31, 2016
Debt Tables    
Summary of Debt

Debt consists of the following:

 

   

June 30,

2017

   

December 31,

2016

 
Notes payable -- original issue discount   $ 225,000     $ 225,000  
Convertible notes payable     820,703       641,129  
Test vehicle financing     50,656       61,811  
Note payable – related party     237       237  
Note payable – UPT minority owner     250,000       250,000  
      1,346,596       1,178,177  
Debt discount     (352,511 )     (334,696 )
      994,085       843,481  
Less: current portion     (743,383 )     (825,170 )
Long-term portion   $ 250,702     $ 18,311  

Debt consists of the following:

 

    December 31,  
    2016     2015  
Notes payable -- original issue discount   $ 225,000     $ 400,000  
Convertible notes payable     641,129       365,350  
Test vehicle financing     61,811       77,075  
Note payable – related party     237       22,910  
Note payable – UPT minority owner     250,000       250,000  
      1,178,177       1,115,335  
Debt discount     (334,696 )     (339,629
      843,481          775,706  
Less: current portion     (825,170     697,903  
Long-term portion   $ 18,311     $ 77,803  

Future contractual maturities of debt

Future contractual maturities of debt net of discount are as follows:

 

Year ending December 31,      
2017   $ 709,845  
2018     367,984  
2019     (83,744 )
2020     --  
    $ 994,085  

Future contractual maturities of debt are as follows:

 

Year ending December 31,      
2017   $ 765,375  
2018     394,491  
2019     18,311  
2020     --  
    $ 1,178,177