Quarterly report pursuant to Section 13 or 15(d)

Debentures and Notes Payable (Tables)

v3.7.0.1
Debentures and Notes Payable (Tables)
6 Months Ended
Jun. 30, 2017
Debt Disclosure [Abstract]  
Debentures Payable
 
 
June 30,
 
December 31,
 
 
 
2017
 
2016
 
Notes and debentures payable:
 
 
 
 
 
 
 
5.25% Insurance premium finance agreement, due June 2017
 
$
-
 
$
24,794
 
9% Promissory note due June 2017
 
 
25,341
 
 
25,341
 
4.75% Convertible debenture due December 2017
 
 
64,124
 
 
64,124
 
Total notes and debentures payable
 
$
89,465
 
$
114,259
 
 
 
 
 
 
 
 
 
Notes payable - related party:
 
 
 
 
 
 
 
14% Term loan due June 2018
 
$
213,993
 
$
213,993
 
14% Term loan due June 2018
 
 
576,500
 
 
440,500
 
14% Term loan due June 2018
 
 
400,582
 
 
399,832
 
7% Convertible promissory note due March 2019, net
 
 
32,967
 
 
-
 
7% Convertible promissory note due June 2019, net
 
 
1,233
 
 
-
 
Total notes payable - related party
 
 
1,225,275
 
 
1,054,325
 
Less current portion
 
 
(1,191,075)
 
 
-
 
Long term debt
 
$
34,200
 
$
1,054,325