v3.8.0.1
Note C - Loans and Notes Payable: Schedule of Debt (Tables)
 6 Months Ended
Jun. 30, 2017
Tables/Schedules  
Schedule of Debt

 

 

 

As of June 30, 2017

 

 

As of December 31, 2016

 

Note Description

 

Principal

 

 

Accrued Interest

 

 

Principal

 

 

Accrued Interest

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gulf Coast Capital, LLC (a)

 

$

30,112

 

 

$

19,958

 

 

$

30,112

 

 

$

19,211

 

Avcon Services, Inc. (b)

 

 

30,500

 

 

 

2,670

 

 

 

30,500

 

 

 

1,914

 

Frank Grey (c)

 

 

12,500

 

 

 

-

 

 

 

-

 

 

 

-

 

Totals

 

$

73,112

 

 

$

22,628

 

 

$

60,612

 

 

$

21,125

 

Less debt discount

 

 

(5,269

)

 

 

 

 

 

 

(6,022

)

 

 

 

 

Net Convertible Notes Payable - Related Parties

 

$

67,843

 

 

 

 

 

 

$

54,590