Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Debentures and Notes Payable (Tables)

v3.8.0.1
Note 4 - Debentures and Notes Payable (Tables)
3 Months Ended
Mar. 31, 2018
Notes Tables  
Schedule of Long-term Debt Instruments [Table Text Block]
   
March 31
,
   
December 31,
 
   
201
8
   
201
7
 
Notes and debentures payable:
 
 
 
 
 
 
 
 
5.25% Insurance premium finance agreement due June 2018
  $
8,576
    $
21,323
 
9% Promissory note due June 2018
   
816
     
25,341
 
4.75% Convertible debenture due June 2018
   
63,900
     
64,124
 
Total notes and debentures payable
  $
73,292
    $
110,788
 
                 
Notes payable - related party:
 
 
 
 
 
 
 
 
14% Term loan due June 2018
  $
264,993
    $
264,993
 
14% Term loan due June 2018
   
596,500
     
596,500
 
14% Term loan due June 2018
   
400,941
     
400,941
 
7% Convertible promissory note due March 2019, net
   
130,798
     
98,187
 
7% Convertible promissory note due June 2019, net
   
38,736
     
26,235
 
Total notes payable - related party
   
1,431,968
     
1,386,856
 
Less current portion
   
(1,393,232
)
   
(1,262,434
)
Long term debt
  $
38,736
    $
124,422