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