Quarterly report pursuant to Section 13 or 15(d)

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

v3.19.1
Note 6 - Convertible Debt: Schedule of Convertible Debt (Tables)
3 Months Ended
Mar. 31, 2019
Tables/Schedules  
Schedule of Convertible Debt

 

Convertible debt consists of the following:

 

 

 

 

 

 

March 31,

2019

(Unaudited)

 

December 31,

2018

1% Convertible notes payable, due April 30, 2019 (at March 31, 2019)

$

240,000

$

240,000

11% Convertible note payable – HEP Investments LLC, a related party, net of unamortized discount and debt issuance costs of $13,045 and $1,562,425 at March 31, 2019 and December 31, 2018, respectively, due June 30, 2019 (at March 31, 2019)

 

18,337,595

 

16,788,214

11% Convertible note payable – New Lenders; placed by Paulson, due at various dates ranging from September 2018 to November 2019

 

950,000

 

950,000

 

 

19,527,595

 

17,978,215

Less: Current portion

 

19,527,595

 

17,978,215

Long term portion

$

0

$

0