XML 34 R23.htm IDEA: XBRL DOCUMENT v3.8.0.1
Notes Payable - Related Parties (Tables)
9 Months Ended
Sep. 30, 2017
Related Party Transactions [Abstract]  
Schedule of Notes Payable Due to Related Parties

The table below reflects Notes payable due to related parties at September 30, 2017 and December 31, 2016, respectively:

 

    September 30, 2017     December 31, 2016  
The $250,000 Shealy Note     102,294       127,408  
Related Notes due September 21, 2018     150,116       -  
Related Notes due December 31, 2018     284,856       230,769  
Total notes payable - related party   $ 537,266     $ 358,177  
Unamortized debt issuance costs     (50,536 )     (20,423 )
Less current portion     (157,322 )     (38,307 )
Long-term portion of notes payable-related party   $ 329,408     $ 299,447  

Schedule of Future Minimum Principal Payments of Notes Payable Related Party

Future minimum principal payments of these notes payable as described in this Note 8 are as follows:

 

 

For the Twelve Months Ending      
September 30,   Amount  
2018   $ 195,094  
2019     330,079  
2020     12,093  
TOTAL   $ 537,266