| Schedule of Loans Payable |
The Company’s loans
payable are summarized below:
| |
|
September 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 |
|
$ |
14,372 |
|
|
$ |
- |
|
|
$ |
14,372 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| 2018 Loan |
|
|
489,110 |
|
|
|
- |
|
|
|
489,110 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| 2017 Loan |
|
|
163,885 |
|
|
|
- |
|
|
|
163,885 |
|
|
|
412,047 |
|
|
|
- |
|
|
|
412,047 |
|
| Land Loan |
|
|
500,000 |
|
|
|
(47,542 |
) |
|
|
452,458 |
|
|
|
550,000 |
|
|
|
(70,393 |
) |
|
|
479,607 |
|
| Total Loans Payable |
|
|
1,167,367 |
|
|
|
(47,542 |
) |
|
|
1,119,825 |
|
|
|
962,047 |
|
|
|
(70,393 |
) |
|
|
891,654 |
|
| Less: current portion |
|
|
381,384 |
|
|
|
(25,440 |
) |
|
|
355,944 |
|
|
|
287,838 |
|
|
|
(31,114 |
) |
|
|
256,724 |
|
| Loans Payable, non-current |
|
$ |
785,983 |
|
|
$ |
(22,102 |
) |
|
$ |
763,881 |
|
|
$ |
674,209 |
|
|
$ |
(39,279 |
) |
|
$ |
634,930 |
|
|