Quarterly report pursuant to Section 13 or 15(d)

RELATED PARTY TRANSACTIONS (Tables)

v3.10.0.1
RELATED PARTY TRANSACTIONS (Tables)
6 Months Ended
Jun. 30, 2018
Related Party Transactions  
Short-term and long-term liabilities to related parties
   

June 30,

2018

   

December 31,

2017

 
Short-term debt –related parties            
Demand notes – various related parties     208,583       218,042  
Demand note – K4 Enterprises     1,082,652       730,031  
Total short-term debt –related parties     1,291,235       948,073  
                 
Notes payable – related party                
Notes payable – Mike Kemery     1,500,000       1,500,000  
                 
Beginning debt discount     256,284       -  
Additions to debt discount     -       300,000  
Accretion of interest expense     (50,040 )     (43,716 )
Ending debt discount     206,244       256,284  
                 
Total notes payable – related party, net debt discount     1,293,756       1,243,716  
                 
Convertible debentures – related parties                
Convertible debentures – various related parties     610,000       335,000  
                 
Beginning debt discount     245,406       -  
Additions to debt discount     248,593       356,522  
Accretion of interest expense     (81,071 )     (111,116 )
Ending debt discount     412,928       245,406  
                 
Total convertible debentures – related party, net debt discount   $ 197,072     $ 89,593  
Schedule of conversion price of convertible debt

Conversion Date (by calendar Quarter)   Floor Conversion Price  
2017 Q2   $ 0.60  
2017 Q3   $ 0.70  
2017 Q4   $ 0.85  
2018 Q1   $ 1.00  
Each Subsequent Quarter  

Increase $0.10

per Quarter