| Schedule of Loans Payable |
The Company’s loans
payable are summarized below:
| |
|
June 30, 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
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Demand Loan |
|
$ |
55,386 |
|
|
$ |
- |
|
|
$ |
55,386 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| 2018 Loan |
|
|
502,682 |
|
|
|
- |
|
|
|
502,682 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| 2017 Loan |
|
|
243,646 |
|
|
|
- |
|
|
|
243,646 |
|
|
|
412,047 |
|
|
|
- |
|
|
|
412,047 |
|
| Land Loan |
|
|
500,000 |
|
|
|
(55,437 |
) |
|
|
444,563 |
|
|
|
550,000 |
|
|
|
(70,393 |
) |
|
|
479,607 |
|
| Total Loans Payable |
|
|
1,301,714 |
|
|
|
(55,437 |
) |
|
|
1,246,277 |
|
|
|
962,047 |
|
|
|
(70,393 |
) |
|
|
891,654 |
|
| Less: current portion |
|
|
386,690 |
|
|
|
(27,303 |
) |
|
|
359,387 |
|
|
|
287,838 |
|
|
|
(31,114 |
) |
|
|
256,724 |
|
| Loans Payable, non-current |
|
$ |
915,024 |
|
|
$ |
(28,134 |
) |
|
$ |
886,890 |
|
|
$ |
674,209 |
|
|
$ |
(39,279 |
) |
|
$ |
634,930 |
|
|