XML 24 R13.htm IDEA: XBRL DOCUMENT v3.10.0.1
Notes Payable to Related Parties
6 Months Ended
Jun. 30, 2018
Notes Payable to Related Parties  
Notes Payable to Related Parties

Note 8 - Notes Payable to Related Parties

 

Notes payable to related parties at December 31, 2017 consisted of notes payable to stockholders of $150,000 (issued in 2012). The notes had been due in one principal payment on September 30, 2017, but were extended to April 30, 2018, after extensions granted by the Note holders in the third quarter of 2017. Interest was payable semiannually at 10%. The notes were collateralized by all receivables existing pursuant to the license agreement with VDF FutureCeuticals, Inc. discussed in Notes 3 and 9. In 2017, the Company made payments totaling $250,000 toward the principal balance of the Notes. The notes were paid in full in January 2018.