Quarterly report pursuant to Section 13 or 15(d)

Note 6 - Convertible Debt: Schedule of Convertible Debt (June 30 2019 unaudited) (Tables)

v3.19.2
Note 6 - Convertible Debt: Schedule of Convertible Debt (June 30 2019 unaudited) (Tables)
6 Months Ended
Jun. 30, 2019
Tables/Schedules  
Schedule of Convertible Debt (June 30 2019 unaudited)

 

Convertible debt consists of the following:

 

 

 

 

 

 

June 30,

2019

 

December 31,

2018

 

 

(Unaudited)

 

 

1% Convertible notes payable, due August 2019

$

240,000

$

240,000

 

 

 

 

 

11% Convertible note payable – HEP Investments, a related party, net of

unamortized discount and debt issuance costs of $-0- and $1,562,425 at

June 30, 2019 and December 31, 2018, respectively, due June 30, 2019

 

6,270,342

 

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

 

 

7,460,342

 

17,978,215

Less: Current portion

 

7,460,342

 

17,978,215

Long term portion

$

-

$

-