NOTES PAYABLE

9 Months Ended

Sep. 30, 2017

Notes to Financial Statements

Note 7 - NOTES PAYABLE

Notes payable consist of the following at September 30, 2017 and December 31, 2016:

	September 30, 2017		December 31, 2016
Note to a company amended on August 27, 2017 and due on or before one month from the amended date and the maturity date shall be extended for one month periods as long as the Company is not in default, interest shall accrue at 10% per annum, secured by the Company’s intellectual property	$	650,000	$	-
Notes to a company of $65,000 and $100,000 due September 30, 2017 and October 30, 2017, respectively, including interest of $3,500 and $5,000, respectively, unsecured, principal and interest due at maturity, principal and interest repaid on September 30, 2017 and October 31, 2017, respectively		100,000		-
Note to an individual, non-interest bearing, unsecured and has no fixed terms of repayment		50,000		50,000
		800,000		50,000
Current portion of loan payable		800,000		50,000
Loan payable, less current portion	$	-	$	-

During the three and nine months ended September 30, 2017, the Company incurred $4,750 and $10,000, respectively, amortization of discount. During the three and nine months ended September 30, 2016, the Company incurred $0 amortization of discount. Interest expense for the three and nine months ended September 30, 2017 was $8,842. Interest expense for the three and nine months ended September 30, 2016 was $0.