| Schedule of Loans Payable |
The Company’s loans
payable are summarized below:
| |
|
December 31, 2019 |
|
|
December 31, 2018 |
|
| |
|
Gross
Principal
Amount |
|
|
Debt Discount |
|
|
Loans
Payable,
Net of
Debt
Discount
|
|
|
Gross
Principal
Amount |
|
|
Debt Discount |
|
|
Loans Payable,
Net of Debt
Discount |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Demand Loan |
|
$ |
6,678 |
|
|
$ |
- |
|
|
$ |
6,678 |
|
|
$ |
10,647 |
|
|
$ |
- |
|
|
$ |
10,647 |
|
| 2018 Loan |
|
|
352,395 |
|
|
|
- |
|
|
|
352,395 |
|
|
|
464,739 |
|
|
|
- |
|
|
|
464,739 |
|
| 2017 Loan |
|
|
67,491 |
|
|
|
- |
|
|
|
67,491 |
|
|
|
168,609 |
|
|
|
- |
|
|
|
168,609 |
|
| Land Loan |
|
|
468,500 |
|
|
|
(16,762 |
) |
|
|
451,738 |
|
|
|
500,000 |
|
|
|
(38,098 |
) |
|
|
461,902 |
|
| Total Loans Payable |
|
|
895,064 |
|
|
|
(16,762 |
) |
|
|
878,302 |
|
|
|
1,143,995 |
|
|
|
(38,098 |
) |
|
|
1,105,897 |
|
| Less: current portion |
|
|
795,064 |
|
|
|
(13,345 |
) |
|
|
781,719 |
|
|
|
893,995 |
|
|
|
(22,889 |
) |
|
|
871,106 |
|
Loans Payable,
non-current |
|
$ |
100,000 |
|
|
$ |
(3,417 |
) |
|
$ |
96,583 |
|
|
$ |
250,000 |
|
|
$ |
(15,209 |
) |
|
$ |
234,791 |
|
|