Note 9 - Convertible Notes

6 Months Ended

Jun. 30, 2019

Notes to Financial Statements

Long-term Debt [Text Block]

NOTE

9

– CONVERTIBLE NOTES

Convertible notes payable consists of the following:

	June 30, 2019		December 31, 2018
Convertible note payable, due on demand, bearing interest at 7% per annum with conversion rights for 335,833 common shares.	$	844,111	$	809,755
Convertible notes payable to multiple private investors, including certain notes in default, bearing interest at 5% per annum with conversion rights for 3,013,190 common shares, maturing at various dates between May 2018 and May 2021.		4,860,927		4,333,892
Total convertible notes payable		5,705,038		5,143,647
Less current portion		4,318,916		3,597,760
Convertible notes payable, less current portion	$	1,386,122	$	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

3,349,023

common shares.

As of

August 19, 2019,

we are currently in default of

$2,054,707

of convertible notes payable, which are convertible into

1,287,652

shares of common stock.