Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Debentures and Notes Payable (Tables)

v3.10.0.1
Note 4 - Debentures and Notes Payable (Tables)
9 Months Ended
Sep. 30, 2018
Notes Tables  
Schedule of Long-term Debt Instruments [Table Text Block]
   
September
30,
   
December 31,
 
   
2018
   
2017
 
Notes and debentures payable:
 
 
 
 
 
 
 
 
6.05% Insurance premium finance agreement due June 2019
  $
44,413
    $
-
 
5.25% Insurance premium finance agreement due June 2018
   
-
     
21,323
 
9% Promissory note due June 2018
   
-
     
25,341
 
4.75% Convertible debenture due December 2018
   
63,675
     
64,124
 
Total notes and debentures payable
 
$
108,088
   
$
110,788
 
                 
Notes payable - related party:
 
 
 
 
 
 
 
 
14% Term loan due June 2019
  $
374,993
    $
264,993
 
14% Term loan due June 2019
   
596,500
     
596,500
 
14% Term loan due June 2019
   
400,941
     
400,941
 
7% Convertible promissory note due March 2019, net
   
196,017
     
98,187
 
7% Convertible promissory note due June 2019, net
   
63,738
     
26,235
 
Total notes payable - related party
 
 
1,632,189
   
 
1,386,856
 
Less current portion
   
(1,632,189
)
   
(1,262,434
)
Long term debt
 
$
-
   
$
124,422