Note 6 - Notes Receivable

12 Months Ended

Dec. 31, 2017

6.	NOTES RECEIVABLE

September 18, 2017,

we entered into a Loan Agreement with a privately-held identity and professional services company with ties to the FinTech industry. We committed to lend up to

$1,500,000

with an initial advance of

$750,000.

In the quarter ended

December 31, 2017,

we advanced an additional

$500,000

for a total advancement of

$1,250,000

as of

December 31, 2017.

A subsequent advance, in an increment of

$250,000,

may

occur in any fiscal quarter until

December 31, 2018.

The loan bears interest at the rate of

6.0

percent annually with the maturity date for each Promissory Note on the

fourth

anniversary of funding of such Promissory Note, extendable by

one

additional year at the borrower’s election. We are entitled to purchase, at a nominal price, certain Warrant Units in conjunction with each advance.