XML 25 R14.htm IDEA: XBRL DOCUMENT v3.7.0.1
Notes Payable
12 Months Ended
Dec. 31, 2016
Notes Payable [Abstract]  
Notes Payable
6. Notes Payable

 

Notes payable consists of the following at December 31:

 

    2016     2015  
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     $ 21,940  
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     547,500          
Total notes payable     564,142       21,940  
Less current portion     (4,537 )     (4,098 )
Less debt discount for detachable warrant     (131,849 )        
Total notes payable, less current portion and debt discount   $ 427,756     $ 17,842  

 

Maturities on notes payable as of December 31, 2016, are as follows:

 

Year ending December 31:

 
2017   $ 4,537  
2018     554,915  
2019     4,690  
Thereafter     -  
    $ 564,142