Quarterly report pursuant to Section 13 or 15(d)

Notes Payable (Tables)

v3.19.1
Notes Payable (Tables)
 3 Months Ended
Mar. 31, 2019
Notes Payable  
Schedule of notes payable outstanding
    2019     2018  
             
Secured convertible promissory notes which mature upon the retirement of the New AC Midwest Secured Debt, bear interest at 10% per annum, and are convertible into one share of common stock, par value $0.001 per share.   $ 990,000     $ 990,000  
                 
Unsecured convertible promissory notes which mature on June 15, 2023, bear interest at 12% per annum, and are convertible into one share of common stock, par value $0.001 per share.   $ 860,000     $ 860,000  
                 
Total convertible notes payable before discount     1,850,000       1,850,000  
                 
Less discounts     (84,531 )     (89,430 )
                 
Notes payable     1,765,469       1,760,570  
Schedule of payments due on convertible notes payable
Twelve months ended March 31,      
2020   $ -  
2021     -  
2022     -  
2023     990,000  
2024     860,000  
    $ 1,850,000  
Schedule of future amortization of discounts
Twelve months ended December 31,   Discounts  
2020   $ 19,596  
2021     19,596  
2022     19,596  
2023     19,596  
2024     6,147  
    $ 84,531