December

31, 2016

December
31, 2015

Note payable to an entity for the financing of insurance premiums, unsecured; 7.75% interest, due March 2017

$

26,880

$

—

Note payable to an entity for the financing of insurance premiums, unsecured; 7.44% interest, due March 2016

—

25,034

Two notes payable to investors, unsecured, 10% interest; due March 31, 2017

500,000

Notes Payable – Total

$

526,880

$

525,034

Notes Payable, Related Party

Term loan with a related party investor executed July 30, 2015, unsecured, 10% interest; due July 30, 2016

$

—

$

3,500,000

Total – Notes Payable & Notes Payable, Related Party

$

526,880

$

4,025,034