Quarterly report pursuant to Section 13 or 15(d)

NOTES PAYABLE (Tables)

v3.7.0.1
NOTES PAYABLE (Tables)
6 Months Ended
Jun. 30, 2017
Notes Payable [Abstract]  
Summary of Note Issuances to Related Parties

A summary of these note issuances at December 31, 2016 and June 30, 2017 is as follows:


Issuance Date

 

 

Maturity Date

 

 

Principal

 

 

Discount
Recognized

 

 

Amortization
Expense
2016

 

 

Carry
Amount at
December 31,
2016

 

 

Amortization
Six Months Ended
June 30,
2017

 

 

Carry
Amount at
June 30,
2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

09/26/16

 

 

09/26/21

 

 

$

100,000

 

 

$

70,000

 

 

$

3,692

 

 

$

33,692

 

 

$

7,000

 

 

$

40,692

 

10/14/16

 

 

10/14/21

 

 

 

100,000

 

 

 

70,000

 

 

 

3,024

 

 

 

33,024

 

 

 

7,000

 

 

 

40,024

 

10/31/16

 

 

10/31/21

 

 

 

100,000

 

 

 

70,000

 

 

 

2,372

 

 

 

32,372

 

 

 

7,000

 

 

 

39,372

 

11/03/16

 

 

11/03/21

 

 

 

50,000

 

 

 

35,000

 

 

 

1,120

 

 

 

16,120

 

 

 

3,500

 

 

 

19,620

 

11/11/16

 

 

11/11/21

 

 

 

100,000

 

 

 

70,000

 

 

 

1,934

 

 

 

31,934

 

 

 

7,000

 

 

 

38,934

 

11/21/16

 

 

11/21/21

 

 

 

50,000

 

 

 

35,000

 

 

 

775

 

 

 

15,775

 

 

 

3,500

 

 

 

19,275

 

12/15/16

 

 

12/15/21

 

 

 

75,000

 

 

 

52,500

 

 

 

488

 

 

 

22,988

 

 

 

5,250

 

 

 

28,238

 

01/19/17

 

 

01/19/22

 

 

 

100,000

 

 

 

70,000

 

 

 

 

 

 

 

 

 

6,323

 

 

 

36,323

 

02/06/17

 

 

02/06/22

 

 

 

100,000

 

 

 

70,000

 

 

 

 

 

 

 

 

 

5,561

 

 

 

35,561

 

02/24/17

 

 

02/24/22

 

 

 

50,000

 

 

 

35,000

 

 

 

 

 

 

 

 

 

1,958

 

 

 

16,958

 

03/07/17

 

 

03/07/22

 

 

 

100,000

 

 

 

70,000

 

 

 

 

 

 

 

 

 

4,441

 

 

 

34,441

 

04/03/17

 

 

04/03/22

 

 

 

75,000

 

 

 

45,000

 

 

 

 

 

 

 

 

 

2,250

 

 

 

32,250

 

04/10/17

 

 

04/10/22

 

 

 

75,000

 

 

 

45,000

 

 

 

 

 

 

 

 

 

2,000

 

 

 

32,000

 

04/19/17

 

 

04/19/22

 

 

 

50,000

 

 

 

30,000

 

 

 

 

 

 

 

 

 

1,183

 

 

 

21,183

 

05/01/17

 

 

05/01/22

 

 

 

50,000

 

 

 

30,000

 

 

 

 

 

 

 

 

 

1,000

 

 

 

21,000

 

05/11/17

 

 

05/11/22

 

 

 

75,000

 

 

 

22,500

 

 

 

 

 

 

 

 

 

617

 

 

 

53,117

 

05/24/17

 

 

05/24/22

 

 

 

75,000

 

 

 

45,000

 

 

 

 

 

 

 

 

 

1,234

 

 

 

31,234

 

06/08/17

 

 

06/08/22

 

 

 

100,000

 

 

 

30,000

 

 

 

 

 

 

 

 

 

383

 

 

 

70,383

 

06/27/17

 

 

06/27/22

 

 

 

100,000

 

 

 

30,000

 

 

 

 

 

 

 

 

 

68

 

 

 

70,068

 

 

 

 

  

 

 

$

1,525,000

 

 

$

925,000

 

 

$

13,405

 

 

$

185,905

 

 

$

67,268

 

 

$

680,673