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

The table below summarizes the Company’s long-term notes payable as of September 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 

 

 

 

 

 

 

2 Year 4%/15% secured

 

 

 

 

 

 note due Chairman

67,628 

 

67,628 

 

- 

 

 

 

 

 

 

2 Year 15% secured note

 

 

 

 

 

 Note due President

8,221 

 

8,221 

 

- 

 

 

 

 

 

 

Total Due September 30, 2017

$228,349 

 

$190,849 

 

$37,500