v3.6.0.2

Long Term Debt | 9 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2016 | Dec. 31, 2015
Disclosure Text Block [Abstract] |  |
Long-term Debt [Text Block] | Note 6 Long term debt Long term debt as of September 30, 2016 and December 31, 2015 consisted of the following:
Description |  | September 30, 2016 |  |  | December 31, 2015 |
Note payable to Ascentium Capital, secured by truck, bearing interest at 9% per annum, matures in September, 2017. (1) |  | $ | 5,682 |  |  | $ | 9,340 |
Less current portion of truck loan |  |  | (5,682 | ) |  |  | (4,048 | )
Total long term debt net of current portion |  | $ | 0 |  |  |  | 5,292 |
| Note 11 Long Term Debt During the year ended December 31, 2014 the company financed a truck acquisition with loans from Ascentium Capital, a Texas based financial entity. The following table describes the purpose and terms of the loans.
Lender |  | Date of Loan |  |  | Original Loan |  |  | Purpose |  |  | Interest Rate |  |  | Term |  |  | Current Portion |  |  | Long Term Portion |
Ascentium Capital |  | 09/01/14 |  |  | $ | 14,975 |  |  | Truck loan |  |  |  | 9 | % |  | 36 Months |  |  | $ | 4,048 |  |  | $ | 5,292 |
This debt is collateralized by the truck title of the acquired vehicle. The loan is personally guaranteed by the officers of the Company. During the year ended December 31, 2015 and 2014, ABCO borrowed working capital loans from lenders as described in the following table:
Lender |  | Date of Loan |  |  | Original Loan |  |  | Purpose |  |  | Interest Rate |  |  | Term |  |  | Current Portion |  |  | Long Term Portion |
Orchard St. Funding |  | 11-25-15 |  |  | $ | 50,000 |  |  | Credit Line |  |  |  | 20 | % |  | 6 Months |  |  | $ | 45,240 |  |  | $ | 0 |
Ascentium Capital |  | 08-27-14 |  |  | $ | 50,000 |  |  | Credit Line |  |  |  | 24 | % |  | 18 Months |  |  |  | 6,705 |  |  | $ | 0 |
Private lender |  | Var 2015 |  |  | $ | 59,833 |  |  | Credit Line |  |  |  | 12 | % |  | Demand |  |  |  | 59,833 |  |  | $ | 0 |
Total due at 12-31-15 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 111,778 |  |  |  |  |

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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