Note 4 - Short Term Loans Payable

3 Months Ended

Mar. 31, 2017

Loans Payable [Member]

Notes to Financial Statements

Short-term Debt [Text Block]

NOTE 

4

 – SHORT TERM LOANS PAYABLE

Short-term loans payable consists of the following at

March

31,

2017

and

December

31,

2016:

Description	2017		2016
Short-term loan payable to Global Holdings International, LLC, which bears interest at 15% per annum after defaulting on the maturity date of June 30, 2016. This note is secured by the Company’s equipment.	$	9,675,000	$	9,675,000
Short-term mortgage payable, for the original amount of $385,000 CAD. It bears interest at 22% per annum with a maturity of September 21, 2017.		289,828		287,287
Total Short-term Loan Payable	$	9,964,828	$	9,962,287