XML 25 R13.htm IDEA: XBRL DOCUMENT v3.19.2
Notes Payable
3 Months Ended
Mar. 31, 2019
Notes Payable [Abstract]  
NOTES PAYABLE

7. NOTES PAYABLE

 

As of March 31, 2019, and December 31, 2018, the balance was as follows:

 

   March 31, 2019   December 31, 2018 
           
Notes payable  $10,442,939   $10,087,939 

 

During the three month ended March 31, 2019, there have been 11 additional convertible-promissory notes totaling $355,000. One previous $50,000 convertible-promissory note was converted into stock during the year ended December 31, 2018.

 

Break-out of debt between the parent company and our subsidiary PVMS is as follows:

 

   March 31, 2019   December 31,
2018
 
         
Advanzeon parent  $5,010,016   $5,010,016 
PVMS   5,432,923    5,077,923 
   $10,442,939   $10,087,939 

 

At PVMS, the total of notes issued year-to-date and their dollar values were as follows:

 

   March 31, 2019   December 31,
2018
 
         
Number of notes issued   11    31 
           
Dollar value  $355,000   $1,751,923 

 

All notes are short-term in nature, one-year maturity date. All debt issued has a stated interest rate of 12% per year.