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RELATED PARTY NOTES PAYABLE
12 Months Ended
Dec. 31, 2017
Notes Payable [Abstract]  
RELATED PARTY NOTES PAYABLE
NOTE 5 RELATED PARTY NOTES PAYABLE

 

The Company has received financing from Management to the Company as well as from members of our Board of Directors. These individuals are deemed to be related parties to the Company and their indebtedness must be disclosed separately.

 

As of December 31, 2017, 2016 and 2015, balances were as follows:

 

    2017     2016     2015  
                   
Related party notes payable   $ 3,019,923     $ 3,024,923     $ 3,057,253  

 

Interest rates on the above balances were 24% per annum on $2,000,000 of the indebtness. Remaining interest rates varied between 7% and 15% on the remaining indebtedness.