Note 8 - Long Term Convertible Notes Related Party

9 Months Ended

Sep. 30, 2017

Notes to Financial Statements

Long-term Convertible Notes Related Party [Text Block]

NOTE

8

–

LONG TERM CONVERTIBLE NOTES RELATED PARTY

Long term convertible notes

to related parties consist of the following at

September 30, 2017

and

December 31, 2016:

Description	2017		2016
Long term convertible note related party due to Bill Chaaban, President of Cen Biotech, bearing interest at 12% per annum. This note is convertible to 871,576 common shares with a maturity due date of December 31, 2018.	$	1,388,121	$	1,388,121
Long term convertible notes related party, bearing interest at 5% per annum. This note is convertible to 550,000 common shares with maturity dates in 2018.		1,050,000		-
Long term convertible note related party, bearing interest at 5% per annum. This note is convertible to 30,000 common shares with a maturity due date of October 26, 2018.		48,000		-
Long term convertible notes payable, bearing interest at 12% per annum.		224,191		-
Total Long Term Convertible Notes Related Party	$	2,710,312	$	1,388,121