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Long-Term Debt
12 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]  
Long-Term Debt

NOTE 6: LONG-TERM DEBT

 

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

 

          2017     2016  
Promissory notes - Kabbage     (a)     $ 33,063     $ 11,866  
Notes payable - Swarn Singh     (b)       45,000       -  
Total             78,063       11,866  
Current portion             78,063       11,866  
Total - net of current portion           $ -     $ -  

 

  (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) 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 year ended December 31, 2017 was $6,333. Accrued interest on this loan at December 31, 2017 is $6,333. Both notes are due December 31, 2018.