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Notes Receivable
 9 Months Ended
Sep. 30, 2016
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]  
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]
4.  Notes Receivable
 
The Company has the following notes receivable:
 
Issue Date
 
September 30, 2016
(Unaudited)
 
December 31, 2015
 
August 11, 2016
 
$
155,451
 
$
-
 
September 14, 2016
 
 
357,900
 
 
-
 
September 26, 2016
 
 
125,000
 
 
-
 
 
 
$
638,351
 
$
-
 
 
On August 11, 2016, the Company entered into a term note agreement (“Term Note”) with theMaven Network, Inc. (“Borrower”) for a loan of $150,000, plus expenses incurred by the Company in connection with the execution of this term note. The note is due at the earlier of (1) February 13, 2017, or (ii) the occurrence of certain events, as defined in the agreement. The note is secured by a personal guarantee of the principal officer of the Borrower (“Borrower Officer”). The $150,000 amount was guaranteed by MDB until the extension of additional principal as described below. The principal amount as of August 11, 2016, including expenses incurred by the Company, is $155,451. The Term Note provides that the principal amount of the loan would be increased by $350,000 (“Additional Amount”), plus expenses incurred by the Company in connection with the Term Note, if and when the Borrower Officer provides additional security for the total loan amount in the form of a mortgage on certain real estate (the “Mortgage”).  The Mortgage was provided in late August and the Company subsequently extended the Additional Amount to Borrower.  The interest rate on the borrowed amount is 8% per annum.  The loan agreement contains additional covenants, representations and events of default.
 
The Term Note was amended on August 25, 2016 to provide details of the Mortgage.  The Term Note was further amended on September 26, 2016 to extend an additional $125,000 to the Borrower.  This additional $125,000 of principle is guaranteed by MDB. As of September 30, 2016, the aggregated principal amount under the Term Note, including expenses incurred by the Company, is $638,351.