XML 22 R11.htm IDEA: XBRL DOCUMENT v3.10.0.1
Loans Receivable
12 Months Ended
Dec. 31, 2017
Receivables [Abstract]  
Loans Receivable

NOTE 5 - LOANS RECEIVABLE

 

At December 31, 2017 and 2016, the Company’s loans receivable consists of the following:

 

    December 31, 2017     December 31, 2016  
Loans receivable, net   $ 170,668     $ 83,663  
Less: current portion     (20,146 )     (30,434 )
Loans receivable, non-current   $ 150,522     $ 53,229  

 

Loans receivable includes loans to franchisees totaling, in the aggregate, $170,668 and $83,663, net of reserves for uncollectible loans of $55,000 and $25,000 at December 31, 2017 and 2016, respectively. The loans have original terms ranging from 6 months to 5 years, earn interest at rates ranging from 0% to 5%, and are being repaid on a weekly or monthly basis.