| Schedule of Notes Payable |
Notes payable consist of the following:
| |
|
As of December 31, 2017 |
|
|
As of December 31, 2016 |
|
| |
|
Amount |
|
|
Discount |
|
|
Net Balance |
|
|
Amount |
|
|
Discount |
|
|
Net Balance |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| January 2016 ($65,000) - 0% interest with payment of $937 per month for 4 months, $1,250 per month for 8 months, and $3,531 per month until fully paid. |
|
$ |
4,482 |
|
|
$ |
(3,889 |
) |
|
$ |
593 |
|
|
$ |
46,876 |
|
|
$ |
(45,903 |
) |
|
$ |
973 |
|
| April 2016 ($50,000) - 18% interest at payment of $750 per month with unpaid balance due at March 31, 2018 including issuance of 50,000 common shares. |
|
|
50,000 |
|
|
|
(7,292 |
) |
|
|
42,708 |
|
|
|
50,000 |
|
|
|
(32,292 |
) |
|
|
17,708 |
|
| September 2016 ($10,000) - 24% interest with outstanding balance with accrued interest due at October 31, 2018 with an option of accrued interest to be converted to common stock with 25% discount of trading price |
|
|
10,000 |
|
|
|
- |
|
|
|
10,000 |
|
|
|
10,000 |
|
|
|
(7,308 |
) |
|
|
2,692 |
|
| October 2016 ($20,000) - 10% interest payable daily of $204 per day until fully paid. |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
13,278 |
|
|
|
(3,510 |
) |
|
|
9,768 |
|
| December 2017 ($50,000) - 15% interest due in December 2020 including issuance of 100,000 shares of common stock with exercise price at $0.25 per share. |
|
|
50,000 |
|
|
|
(22,021 |
) |
|
|
27,979 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Others |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
990 |
|
|
|
- |
|
|
|
990 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total notes payable |
|
|
114,482 |
|
|
|
(33,202 |
) |
|
|
81,280 |
|
|
|
121,144 |
|
|
|
(89,013 |
) |
|
|
32,131 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Less: non-current portion |
|
|
(35,747 |
) |
|
|
14,473 |
|
|
|
(21,274 |
) |
|
|
(96,876 |
) |
|
|
78,195 |
|
|
|
(18,681 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Notes payable, current portion |
|
$ |
78,735 |
|
|
$ |
(18,729 |
) |
|
$ |
60,006 |
|
|
$ |
24,268 |
|
|
$ |
(10,818 |
) |
|
$ |
13,450 |
|
|