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Note 5. Convertible Notes and Line of Credit (Tables)
9 Months Ended
Sep. 30, 2017
Tables/Schedules  
Schedule of Convertible Notes and Line of Credit

The table below summarizes the Company’s debt arising from the above-described sources as of September 30, 2017 and December 31, 2016:   

 

 

Principal

 

Amount

 

Amount

 

Amount

 

Due

 

Due

Loan Facility

Owed

 

Related Parties

 

Others

 

 

 

 

 

 

Line of Credit

$1,000,000 

 

$- 

 

$1,000,000 

 

 

 

 

 

 

Private Placements:

 

 

 

 

 

  March 1, 2010

475,000 

 

75,000 

 

400,000 

  October 25, 2010

487,500 

 

- 

 

487,500 

 

 

 

 

 

 

Total Private Placements

962,500 

 

75,000 

 

887,500 

 

 

 

 

 

 

Total

$1,962,500 

 

$75,000 

 

$1,887,500