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LINE OF CREDIT NOTE PAYABLE - RELATED PARTIES

3 Months Ended

Mar. 31, 2018

Debt Disclosure [Abstract]

LINE OF CREDIT NOTE PAYABLE - RELATED PARTIES

9. LINE OF CREDIT NOTE PAYABLE - RELATED PARTIES

Line of credit note payable - related parties consists of the following as of:

		March 31,				December 31,
		2018				2017
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 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 and line to $3,500,000.
Long-term portion		$	3,500,000			$	3,500,000

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- References

No definition available.

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- Definition

The entire disclosure for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI http://asc.fasb.org/topic&trid=2208564

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