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Note 8. Long -Term Notes Payable (Tables)
6 Months Ended
Jun. 30, 2017
Tables/Schedules  
Schedule of Long Term Notes Payable

The table below summarizes the Company’s long term notes payable as of June 30, 2017 and December 31, 2016:

 

 

Principal Amount

 

Amount Due

 

Amount Due

Loan Facility

Owed

 

Related Parties

 

Others

 

 

 

 

 

 

4 Year  8% secured note

$     47,500

 

$    25,000

 

$   22,500

 

 

 

 

 

 

4 Year  14% secured note

       90,000

 

      90,000

 

      -

 

 

 

 

 

 

Total Due December 31, 2016

$    137,500

 

$   115,000

 

$   22,500

 

 

 

 

 

 

2 Year 12.5% secured note

       15,000

 

              -

 

    15,000

 

 

 

 

 

 

Total Due June 30, 2017

$   152,500

 

$   115,000

 

$   37,500