Note 11 - Convertible Notes

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Long-term Debt [Text Block]

NOTE

11

– CONVERTIBLE NOTES

	2017		2016
Convertible note payable, bearing interest at 7% per annum with conversion rights for 335,833 common shares. This is due on demand.	$	880,567	$	-
Convertible notes payable to multiple private investors bearing an interest at 5% annum with conversion rights for 2,790,584 common shares, maturing at various dates between April 2018 and December 2019.		2,789,605		569,412
Total convertible notes payable		3,670,172		569,412
Less current portion		1,461,979		-
Convertible notes payable, less current portion	$	2,208,193	$	569,412

These notes

may

be converted at the option of the note holder at any time after registration of CEN’s common stock upon written notice by the note holder. As of

December 31, 2017,

these notes are convertible into a total of

3,126,417

common shares.