Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt (Tables)

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Long-Term Debt (Tables)
6 Months Ended
Jun. 30, 2018
Debt Disclosure [Abstract]  
Schedule of long-term debt
      June 30,
2018
    December 31,
2017
 
  Senior Secured Notes, due July 6, 2018 (discount is based on imputed interest rate of 26%)   $ 5,750,000     $ 5,750,000  
  Less: unamortized discount and debt issuance costs on Senior Secured Notes     -       (987,500 ) 
  Net Senior Secured Notes     5,750,000       4,762,500  
  Secured mortgage payable, due November 2026, to Bank for 100 Commerce Drive Building due in monthly installments of $11,951, inclusive of principal and interest     1,724,608       1,741,378  
  Note payable, former building owner interest payment only due in monthly installments of $1,604 interest at 5.5%. A balloon payment of $350,000 plus unpaid interest due August 2018.     350,000       350,000  
 

Related Parties Notes, due December 6, 2018, interest rate 12.0%

    550,000       -  
        8,374,608       6,853,878  
  Less current portion     6,682,264       5,143,997  
  Long-term debt   $ 1,692,344     $ 1,709,881