Quarterly report pursuant to Section 13 or 15(d)

Notes Payable and Long-Term Debt - Related Party (Tables)

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Notes Payable and Long-Term Debt - Related Party (Tables)
9 Months Ended
Sep. 30, 2017
Debt Disclosure [Abstract]  
Schedule of Notes Payable and Long Term Debt Related Party

As of September 30, 2017 and December 31, 2016, notes payable and long-term debt due to a related party consists of:

 

    September 30, 2017     December 31, 2016  
Note payable to SMDMM Funding, LLC; dated September 13, 2017; interest at 8% per annum; due on demand     30,000       -  
                 
Note payable to True Wireless, LLC; dated July 21, 2017 and August 11, 2017; interest at 0% per annum; due on demand     19,000       -  
                 
Note payable to director due in four equal annual installments of $26,875 on April 28 of each year     -       107,500  
Less debt discount     -       -  
      49,000       107,500  
Less current portion - related party     49,000       53,750  
Long-term debt - related party   $ -     $ 53,750