Note 9 - Convertible Notes

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Long-term Debt [Text Block]

NOTE

9

– CONVERTIBLE NOTES

Convertible notes payable consists of the following at:

	March 31, 2019		December 31, 2018
Convertible note payable, due on demand, bearing interest at 7% per annum with conversion rights for 335,833 common shares.	$	826,657	$	809,755
Convertible notes payable to multiple private investors, including certain notes in default, bearing interest at 5% per annum with conversion rights for 2,775,690 common shares, maturing at various dates between May 2018 and March 2021.		4,480,927		4,333,892
Total convertible notes payable		5,307,584		5,143,647
Less current portion		4,190,461		3,597,760
Convertible notes payable, less current portion	$	1,117,123	$	1,545,887

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

3,111,523

common shares.

As of

May 20, 2019,

we are currently in default of

$1,329,287

of convertible notes payable, which are convertible into

834,277

shares of common stock.