v3.8.0.1
Note C - Loans and Notes Payable: Schedule of Debt (Tables)
3 Months Ended
Mar. 31, 2017
Tables/Schedules  
Schedule of Debt

 

 

 

As of March 31, 2017

 

 

As of December 31, 2016

 

Note Description

 

Principal

 

 

Accrued Interest

 

 

Principal

 

 

Accrued Interest

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gulf Coast Capital, LLC (a)

 

$

30,112

 

 

$

19,583

 

 

$

30,112

 

 

$

19,211

 

Avcon Services, Inc. (b)

 

 

30,500

 

 

 

2,290

 

 

 

30,500

 

 

 

1,914

 

Totals

 

$

60,612

 

 

$

21,873

 

 

$

60,612

 

 

$

21,125

 

Less debt discount

 

 

(5,646

)

 

 

 

 

 

 

(6,022

)

 

 

 

 

Net Convertible Notes Payable - Related Parties

 

$

54,966

 

 

 

 

 

 

$

54,590