XML 27 R15.htm IDEA: XBRL DOCUMENT
v3.8.0.1

LINE OF CREDIT NOTE PAYABLE - RELATED PARTIES | 12 Months Ended
--- | ---
Dec. 31, 2017
Debt Disclosure [Abstract] |
LINE OF CREDIT NOTE PAYABLE - RELATED PARTIES |
8. | LINE OF CREDIT NOTE PAYABLE - RELATED PARTY
Line of credit note payable - related party consists of the following as of:
|  | December 31, |  |  | December 31, |
|  | 2017 |  |  | 2016 |
Note Payable – line of credit |  |  |  |  |  |  |  |
In July 2010, the Company entered a line of credit note payable with a related party which carries interest of five percent per annum paid quarterly. The Company can borrow up to $9,500,000. The Company has pledged all its assets as security for the line of credit. The note matures in January 2020, at which time the principal amount is due. During April 2015, the Company issued $4,000,000 of convertible series D preferred series in exchange for cancellation of $4,000,000 of this line, reducing the amount to $4,500,000. During March 2017, the Company issued $1,000,000 of common stock in exchange for cancellation of $1,000,000 of this line, reducing the amount to $3,500,000. |  |  |  |  |  |  |  |
Long-term portion |  | $ | 3,500,000 |  |  | $ | 4,500,000 |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
Name: | us-gaap_LongTermDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration