Quarterly report pursuant to Section 13 or 15(d)

Note 6 - Convertible Debt: Schedule of Convertible Debt (Tables)

v3.10.0.1
Note 6 - Convertible Debt: Schedule of Convertible Debt (Tables)
9 Months Ended
Sep. 30, 2018
Tables/Schedules  
Schedule of Convertible Debt

 

Convertible debt consists of the following:

 

 

 

 

 

 

September 30,

2018

 

December 31,

2017

 

 

(Unaudited)

 

(Revised)

1% Convertible notes payable, due October 31, 2018

$

240,000

$

240,000

 

 

 

 

 

11% Convertible note payable – HEP Investments, a related party, net of unamortized discount and debt issuance costs of $1,685,956 and $4,335,873 at September 30, 2018 and December 31, 2017, respectively, due April 1, 2019 (September 30, 2018 at December 31, 2017).

 

16,525,883

 

12,075,967

 

11% Convertible note payable – New Lenders; placed by Paulson, due at various dates ranging from September 2018 to October 2018

 

950,000

 

1,250,000

 

 

17,715,883

 

13,565,967

Less: Current portion

 

17,715,883

 

1,490,000

 

 

 

 

 

 Long term portion

$

-

$

12,075,967