Note 8 - Short Term Loans Payable - Related Party

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Short-term Debt, Related Party [Text Block]

NOTE

8

–

SHORT TERM LOANS

PAYABLE

- RELATED PARTY

Short-term loans payable related party consist of the following at

December

31,

2016

and

2015:

Description	2016		2015
Short-term related party loan payable to Bill Chaaban, President of Cen Biotech, which bears an interest at 10% per annum. This is an unsecured loan with a maturity date of December 31, 2017.	$	244,948	$	718,679
Short-term related party loan payable to Jeff Thomas, former director of Creative Edge, which bears an interest at 10% annum. This is an unsecured loan with a maturity date of December 31, 2017.		601,500		595,000
Total Short-term Loan Payable Relate Party	$	846,448	$	1,313,679