Note 7 - Long Term Convertible Notes

3 Months Ended

Mar. 31, 2017

Notes to Financial Statements

Long-term Debt [Text Block]

NOTE 

7

 – LONG TERM CONVERTIBLE NOTES

Long-term convertible notes consist of the following at

March

31,

2017

and

2016:

Description	201 7		201 6
Long-term convertible notes payable to multiple private investors bearing an interest at 5% annum with conversion rights totaling up to 873,225 common shares. All notes have a maturity date of 2 years from inception.	$	2,233,887	$	1,,67,412
Long-term convertible notes payable which bears interest at 12% per annum with a maturity due date of August 18, 2018.		224,190		224,190
Total Long-Term Convertible Notes	$	2,458,078	$	1,391,602