Note 11 - Convertible Notes

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Long-term Debt [Text Block]

NOTE

11

– CONVERTIBLE NOTES

Convertible notes payable consists of the following at

December 31:

	2018		2017
Convertible note payable, bearing interest at 7% per annum with conversion rights for 335,833 common shares. This is due on demand.	$	809,755	$	880,567
Convertible notes payable to multiple private investors, including certain notes in default, bearing interest at 5% per annum with conversion rights for 2,684,018 common shares, maturing at various dates between May 2018 and November 2020.		4,333,892		2,789,605
Total convertible notes payable		5,143,647		3,670,172
Less current portion		3,597,760		1,461,979
Convertible notes payable, less current portion	$	1,545,887	$	2,208,193

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. These notes are convertible into a total of

3,019,851

common shares.

As of

April 15, 2019,

we are currently in default of

$1,318,287

of convertible notes payable, which are convertible into

827,402

shares of common stock.