| Schedule of Loans Payable |
The Company’s loans
payable are summarized below:
| |
|
March 31, 2018 |
|
|
December 31, 2017 |
|
| |
|
Gross Principal Amount |
|
|
Debt Discount |
|
|
Loans Payable,
Net of Debt Discount
|
|
|
Gross Principal Amount |
|
|
Debt Discount |
|
|
Loans Payable,
Net of Debt Discount
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2018 Loan |
|
$ |
517,602 |
|
|
$ |
- |
|
|
$ |
517,602 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| 2017 Loan |
|
|
362,737 |
|
|
|
- |
|
|
$ |
362,737 |
|
|
|
412,047 |
|
|
|
- |
|
|
$ |
412,047 |
|
| Land Loan |
|
|
550,000 |
|
|
|
(60,758 |
) |
|
$ |
489,242 |
|
|
|
550,000 |
|
|
|
(70,393 |
) |
|
$ |
479,607 |
|
| Total Loans Payable |
|
|
1,430,339 |
|
|
|
(60,758 |
) |
|
|
1,369,581 |
|
|
|
962,047 |
|
|
|
(70,393 |
) |
|
|
891,654 |
|
| Less: current portion |
|
|
380,336 |
|
|
|
(28,726 |
) |
|
|
351,610 |
|
|
|
287,838 |
|
|
|
(31,114 |
) |
|
|
256,724 |
|
| Loans Payable, non-current |
|
$ |
1,050,003 |
|
|
$ |
(32,032 |
) |
|
$ |
1,017,971 |
|
|
$ |
674,209 |
|
|
$ |
(39,279 |
) |
|
$ |
634,930 |
|
|