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NOTES PAYABLE
9 Months Ended
Sep. 30, 2018
Notes Payable [Abstract]  
NOTES PAYABLE
6. NOTES PAYABLE

 

As of September 30, 2018, and December 31, 2017, the balance was as follows:

 

    September 30, 2018     December 31, 2017  
                 
Notes payable   $ 9,478,718     $ 8,461,795  

 

During the nine months ended September 30, 2018, there have been 20 additional convertible-promissory notes totaling $1,066,923. One previous $50,000 convertible-promissory note was converted into stock.

 

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

 

    September 30, 2018     December 31, 2017  
             
Advanzeon parent   $ 372,000     $ 5,035,795  
PVMS     9,106,718       3,426,000  
    $ 9,478,718     $ 8,461,795  

  

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

 

    September 30, 2018     December 31, 2017  
             
Number of notes issued     20       39  
                 
Dollar value   $ 1,066,923     $ 1,570,000  

 

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

 

At PVMS, the total of notes converted to stock for the nine months ended September 30, 2018 and their dollar values were as follows:

 

    September 30, 2018  
       
Number of notes converted     1  
         
Dollar value   $ 50,000