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Note Payable
3 Months Ended 12 Months Ended
Mar. 31, 2015
Dec. 31, 2014
Equity [Abstract]    
Note Payable
  4. Note Payable

 

Note payable consists of the following at March 31, 2015 and December 31, 2014:

 

    2015   2014
Note 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.     26,030       26,831  
Total note payable     26,030       26,831  
Less current portion     (3,715 )     (3,560 )
Long-term portion of note payable   $ 22,315     $ 23,271  
  6. Notes Payable

 

Notes payable consists of the following at December 31:

 

    2014     2013  
Unsecured note payable bearing interest at 7.00%. The note is payable in monthly interest only payments from May 1, 2012 through May 1, 2013, followed by principal and interest payments through May 1, 2015. Paid in full during 2014.   $ -     $ 2,301  
Unsecured note payable bearing interest at 6.00%. The note is payable in monthly principal plus interest payments of $1,079 beginning March 1, 2014. During 2014, this note payable was increased to $50,000 and the unpaid principal balance of $46,853 was converted to equity.     -       30,000  
Note 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.     26,831       -  
Total notes payable     26,831       32,301  
Less current portion     (3,560 )     (2,301 )
Long-term portion of notes payable   $ 23,271     $ 30,000  

 

Future annual principal repayments on notes payable are as follows for the years ended December 31:

 

2015   $ 3,560  
2016     3,944  
2017     4,271  
2018     4,625  
2019     5,008  
Thereafter     5,423  
Total   $ 26,831