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Current Portion - Long-Term Debt
12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
Current Portion - Long-Term Debt

NOTE 6: CURRENT PORTION - LONG-TERM DEBT

 

The following is a summary of the current portion - long-term debt as of December 31, 2018 and December 31, 2017:

 

      2018     2017  
Promissory notes - Kabbage (a)   $ 36,687     $ 33,063  
Promissory notes – Loan Builder (b)     12,114       -  
Other debt – in default (c)     6,000       -  
Total     $ 54,801     $ 33,063  

 

  (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) Business loan agreement with LoanBuilder in August 2018 in the amount of $18,000, payable in 52 weekly payments of $409, including interest.
     
  (c) Note payable to an individual for $7,500, issued in May 2018 as consideration for services, due in June 2018, and bearing no interest. During the year ended December 31, 2018, the Company made a payment of $1,500 against the note and the Company has withheld payment of the remaining amount pending receipt of amounts due from the service provider.