Long Term Debt (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2016

Dec. 31, 2015

Schedule of Long-term Debt Instruments [Table Text Block]

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

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

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

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details