| Schedule of Loans Payable |
The
Company’s loans payable are summarized below:
| |
|
June 30, 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 |
|
$ |
9,408 |
|
|
$ |
- |
|
|
$ |
9,408 |
|
|
$ |
10,647 |
|
|
$ |
- |
|
|
$ |
10,647 |
|
| 2018 Loan |
|
|
417,604 |
|
|
|
- |
|
|
|
417,604 |
|
|
|
464,739 |
|
|
|
- |
|
|
|
464,739 |
|
| 2017 Loan |
|
|
126,215 |
|
|
|
- |
|
|
|
126,215 |
|
|
|
168,609 |
|
|
|
- |
|
|
|
168,609 |
|
| Land Loan |
|
|
491,000 |
|
|
|
(23,362 |
) |
|
|
467,638 |
|
|
|
500,000 |
|
|
|
(38,098 |
) |
|
|
461,902 |
|
| Total Loans Payable |
|
|
1,044,226 |
|
|
|
(23,362 |
) |
|
|
1,020,864 |
|
|
|
1,143,995 |
|
|
|
(38,098 |
) |
|
|
1,105,897 |
|
| Less: current portion |
|
|
844,227 |
|
|
|
(19,686 |
) |
|
|
824,541 |
|
|
|
893,995 |
|
|
|
(22,889 |
) |
|
|
871,106 |
|
| Loans Payable, non-current |
|
$ |
199,999 |
|
|
$ |
(3,676 |
) |
|
$ |
196,323 |
|
|
$ |
250,000 |
|
|
$ |
(15,209 |
) |
|
$ |
234,791 |
|
|