| Schedule of Loans Payable |
The Company’s loans
payable are summarized below:
| |
|
September 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 |
|
$ |
6,945 |
|
|
$ |
- |
|
|
$ |
6,945 |
|
|
$ |
10,647 |
|
|
$ |
- |
|
|
$ |
10,647 |
|
| 2018 Loan |
|
|
368,968 |
|
|
|
- |
|
|
|
368,968 |
|
|
|
464,739 |
|
|
|
- |
|
|
|
464,739 |
|
| 2017 Loan |
|
|
77,170 |
|
|
|
- |
|
|
|
77,170 |
|
|
|
168,609 |
|
|
|
- |
|
|
|
168,609 |
|
| Land Loan |
|
|
477,500 |
|
|
|
(22,553 |
) |
|
|
454,947 |
|
|
|
500,000 |
|
|
|
(38,098 |
) |
|
|
461,902 |
|
| Total Loans Payable |
|
|
930,583 |
|
|
|
(22,553 |
) |
|
|
908,030 |
|
|
|
1,143,995 |
|
|
|
(38,098 |
) |
|
|
1,105,897 |
|
| Less: current portion |
|
|
780,583 |
|
|
|
(16,139 |
) |
|
|
764,444 |
|
|
|
893,995 |
|
|
|
(22,889 |
) |
|
|
871,106 |
|
| Loans Payable, non-current |
|
$ |
150,000 |
|
|
$ |
(6,414 |
) |
|
$ |
143,586 |
|
|
$ |
250,000 |
|
|
$ |
(15,209 |
) |
|
$ |
234,791 |
|
|