Quarterly report pursuant to Section 13 or 15(d)

NOTES PAYABLE (Tables)

v3.7.0.1
NOTES PAYABLE (Tables)
3 Months Ended
Mar. 31, 2017
Notes Payable [Abstract]  
Schedule of Long-Term Debt to Related Parties

A summary of these note issuances at December 31, 2016 and March 31, 2017 is as follows:


Issuance Date

 

 

Maturity Date

 

 

Principal

 

 

Discount
Recognized

 

 

Amortization
Expense
2016

 

 

Carry
Amount at
December 31,
2016

 

 

Amortization
Three Months Ended
March 31,
2017

 

 

Carry
Amount at
March 31,
2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

09/26/16

 

 

09/26/21

 

 

$

100,000

 

 

$

70,000

 

 

$

3,692

 

 

$

33,692

 

 

$

3,500

 

 

$

37,192

 

10/14/16

 

 

10/14/21

 

 

 

100,000

 

 

 

70,000

 

 

 

3,024

 

 

 

33,024

 

 

 

3,500

 

 

 

36,524

 

10/31/16

 

 

10/31/21

 

 

 

100,000

 

 

 

70,000

 

 

 

2,372

 

 

 

32,372

 

 

 

3,500

 

 

 

35,872

 

11/03/16

 

 

11/03/21

 

 

 

50,000

 

 

 

35,000

 

 

 

1,120

 

 

 

16,120

 

 

 

1,750

 

 

 

17,870

 

11/11/16

 

 

11/11/21

 

 

 

100,000

 

 

 

70,000

 

 

 

1,934

 

 

 

31,934

 

 

 

3,500

 

 

 

35,434

 

11/21/16

 

 

11/21/21

 

 

 

50,000

 

 

 

35,000

 

 

 

775

 

 

 

15,775

 

 

 

1,750

 

 

 

17,525

 

12/15/16

 

 

12/15/21

 

 

 

75,000

 

 

 

52,500

 

 

 

488

 

 

 

22,988

 

 

 

2,625

 

 

 

25,613

 

01/19/17

 

 

01/19/22

 

 

 

100,000

 

 

 

70,000

 

 

 

 

 

 

 

 

 

2,823

 

 

 

32,823

 

02/06/17

 

 

02/06/22

 

 

 

100,000

 

 

 

70,000

 

 

 

 

 

 

 

 

 

2,061

 

 

 

32,061

 

02/24/17

 

 

02/24/22

 

 

 

50,000

 

 

 

35,000

 

 

 

 

 

 

 

 

 

208

 

 

 

15,208

 

03/07/17

 

 

03/07/22

 

 

 

100,000

 

 

 

70,000

 

 

 

 

 

 

 

 

 

942

 

 

 

30,942

 

 

 

 

  

 

 

$

925,000

 

 

$

647,500

 

 

$

13,405

 

 

$

185,905

 

 

$

26,159

 

 

$

317,064