Note 10 – Notes Payable Officers and Related Party Transactions

Officer loans are demand notes totaling $113,501 and $69,944, respectively, as of December 31, 2016 and December 31, 2015. These notes provide for interest at 12% per annum and are unsecured. Notes payable to the Directors resulted in interest charges of $11,699 and $8,562 for the periods ended December 31, 2016 and December 31, 2015, respectively. Other related party notes totaled $63,846 at December 31, 2016 for loans from a person who is neither an officer or director.

Related party notes payable as of December 31, 2016 and December 31, 2015 consists of the following:

Description	December 31, 2016		December 31, 2015
Notes payable – Director bearing interest at 12% per annum, unsecured, demand notes.	$	60,000	$	60,000
Note payable - Officer bearing interest at 12% per annum, unsecured, demand note		53,501		9,944
Note payable – other bearing interest at 12% per annum, unsecured, demand note.		63,846		59,832
Total	$	177,347	$	129,776

The first note in the amount of $60,000 provides for interest at 12% per annum and is unsecured. This note resulted in an interest charge of $19,876 accrued and unpaid at December 31, 2016.

The second note was increased by loans of $30,557 and $33,000 during the current period. A repayment of $20,000 was made in December 2016.which decreased the total note to $53,501 as of December 31, 2016. The note is an unsecured demand note and bears interest at 12% per annum. This note resulted in an interest charge of $5,812 accrued and unpaid at December 31, 2016.

The third note is from a related party and has a current balance of $63,846 as of December 31, 2016. The note is an unsecured demand note and bears interest at 12% per annum. This note resulted in an interest charge of $5,254 accrued and unpaid at December 31, 2016.