| Schedule of Notes Payable to Related Parties |
The Company has the following
related parties notes payable:
| Note |
|
Issuance Date |
|
Maturity Date |
|
Interest Rate |
|
|
Original Borrowing |
|
|
Balance at
December 30, 2016
|
|
|
Balance at
December 31, 2015
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Note 1 |
|
Year 2015 |
|
April 1,2017 |
|
|
12.0 |
% |
|
$ |
1,203,242 |
|
|
$ |
1,198,883 |
|
|
$ |
1,248,883 |
|
| Note 2 |
|
December 2015 |
|
April 1, 2017 |
|
|
12.0 |
% |
|
|
200,000 |
|
|
|
- |
|
|
|
200,000 |
|
| Note 3 |
|
December 1, 2015 |
|
April 1,2017 |
|
|
12.0 |
% |
|
|
189,000 |
|
|
|
189,000 |
|
|
|
189,000 |
|
| Note 4 |
|
December 1, 2015 |
|
April 1, 2017 |
|
|
12.0 |
% |
|
|
111,901 |
|
|
|
111,901 |
|
|
|
111,901 |
|
| Note 5 |
|
August 4, 2016 |
|
April 4, 2017 |
|
|
12.0 |
% |
|
|
343,326 |
|
|
|
343,326 |
|
|
|
- |
|
| Note 7 |
|
August 4, 2016 |
|
April 4, 2017 |
|
|
12.0 |
% |
|
|
121,875 |
|
|
|
121,875 |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,964,985 |
|
|
|
1,749,784 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt discount |
|
|
|
|
|
|
|
|
|
|
|
- |
|
|
|
(398,592 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total notes payable – related parties, net |
|
|
|
|
|
|
|
|
|
$ |
1,964,985 |
|
|
$ |
1,351,192 |
|
|