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Notes Payable
3 Months Ended
Mar. 31, 2017
Debt Disclosure [Abstract]  
Notes Payable

8. Notes Payable

 

Notes payable consists of the following at March 31, 2017 and December 31, 2016:

 

    2017     2016  
Notes payable bearing interest at 7.99%. The note is payable in monthly principal plus interest payments of $472 through December, 2020. The note is secured by a vehicle.   $ -     $ 16,642  
Notes payable bearing interest at 8%. The notes have a 2-year maturity and are due at various dates between September 19, 2018 – October 19, 2018, and pay interest only on a monthly basis     460,000       547,500  
Total notes payable     460,000       564,142  
Less current portion     -       (4,537 )
Less debt discount for detachable warrant     (94,840 )     (131,849 )
Long-term portion of notes payable   $ 365,160     $ 427,756  

 

Maturities on notes payable as of March 31, 2017, are as follows:

 

Year ending December 31:

 

2017   $ -  
2018     460,000  
Thereafter     -  
    $ 460,000