v3.5.0.2
Note 5 Short Term Notes Payable
6 Months Ended
Jun. 30, 2016
Disclosure Text Block [Abstract]  
Short-term Debt [Text Block]
Note 5      Short Term Notes Payable

Description
 
June 30, 2016
   
December 31, 2015
 
Note payable - Credit line, payable to Ascentium Capital, bearing interest at 24% per annum, unsecured, paid in full in February 2016.
 
$
-
   
$
6,706
 
Note payable – Orchard Street Funding – This loan was paid off in January, 2016
   
-
     
45,240
 
Note payable – other bearing interest at 12% per annum, unsecured, demand note.
   
-
     
59,832
 
Merchant Note payable to Web Bank, borrowed 2-1-16, bearing interest at 23% per annum, unsecured, matures in March, 2017. (2)
   
100,293
     
-
 
Merchant Note payable to Quarterspot Lending, borrowed 6-27-16, bearing interest at 31% per annum, unsecured, matures in June, 2017. (3)
   
43,127
     
-
 
Total
 
$
143,420
   
$
111,778
 

During the quarter ended June 30, 2016 the Company financed operations with a loan in the amount of $150,000 from WebBank.  The note is an open credit line with interest rate of 23% maturing in March of 2017 and had a balance of $100,293 as of June 30, 2016.  A portion of the loan was used to pay off a credit loan from Orchard Street Funding in the amount of $$44,061.  This loan is personally guaranteed by an Officer of the Company.

On June 28, 2016 the Company financed operations with a loan in the amount of $43,500 from Quarterspot, a lending institution. The note is an open line with interest rate of approximately 31% maturing in June of 2017 and had a balance of $43,127 as of June 30, 2016.  This loan is not personally guaranteed by an Officer of the Company.