Long-term Debt (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2017

Dec. 31, 2016

Ci2i Services, INC [Member]

Schedule of Long-Term Debt

The following is a summary of long-term debt as of June 30, 2017 and December 31, 2016:

		2017		2016
Promissory notes – Kabbage	(a)	$	-	$	11,866
Promissory note – Fora Financial	(b)		-		-
Note payable – Swarn Singh	(c)		45,000		-
Total			45,000		11,866
Current portion			-		11,866
Total – net of current portion		$	45,000	$	-

(a)	Multiple monthly loan agreements with Kabbage. Each of these loans has a six-month duration with interest and fees spread over the 6 months.
(b)	There were a total of 2 loans from Fora Financial personally guaranteed by the CEO and all paid off by December 31, 2016.
(c)	Note payable to Swarn Singh entered into January 2017 ($25,000) and February 2017 ($20,000), at interest rate of 15% annually (1.25% monthly). This is an unsecured loan. Interest expense on this loan for the six months ended June 30, 2017 was $3,724. Accrued interest on this loan at June 30, 2017 is $3,724. Both notes are due December 31, 2018.

The following is a summary of long-term debt – related parties as of December 31, 2016 and 2015:

		2016		2015
Promissory notes – Kabbage	(a)	$	11,866	$	26,956
Promissory note – Fora Financial	(b)		-		67,951
Total		$	11,866	$	94,907

(a)	Multiple monthly loan agreements with Kabbage. Each of these loans has a six-month duration with interest and fees spread over the 6 months.
(b)	There were a total of 2 loans from Fora Financial personally guaranteed by the CEO and all paid off by December 31, 2016.