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Note 7. Long-Term Notes Payable (Tables)
12 Months Ended
Dec. 31, 2017
Tables/Schedules  
Schedule of Long Term Notes Payable

The table below summarizes the Company’s long-term notes payable as of December 31, 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

20,000 

 

20,000 

 

- 

 

 

 

 

 

 

4 Year 0% note

50,000 

 

                          -

 

               50,000 

 

 

 

 

 

 

Total Due December 31, 2017

$290,128 

 

$202,628 

 

$87,500