XML 18 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1
Note Receivable
3 Months Ended
Mar. 31, 2018
Receivables [Abstract]  
Note Receivable

NOTE 2. NOTE RECEIVABLE

 

An unsecured promissory note was executed on March 23, 2018 by a customer converting their past-due trade receivable from the sale of goods and services in the amount of $400,906. The note bears interest at the rate of ten percent (10%) per annum and requires installment payments of principal and interest due monthly, including late fees. The current portion of the note receivable is collectible in one year or less with the remainder of the note separately classified as long-term. No allowances for doubtful accounts has been recorded as of March 31, 2018.