Quarterly report pursuant to Section 13 or 15(d)

NOTES PAYABLE (Tables)

v3.5.0.2
NOTES PAYABLE (Tables)
6 Months Ended
Jun. 30, 2016
Related Party Transaction [Line Items]  
Schedule of notes payable

Notes payable consists of:

 

    June 30,
2016
    December 31,
2015
 
Southwest Farms (Note 3)   $ 3,617,548     $ 3,645,163  
East West Secured Development (Note 3)     515,633       675,093  
Washington Property (Note 6)     199,000       208,605  
Investment funds (Note 8)     1,257,500        
                 
Financial Freedom, LLC     62,500        
      5,652,181       4,528,861  
Less discounts     (323,924 )      
Plus premium     10,000       16,667  
                 
      5,338,257       4,545,528  
Less current maturities     1,294,051       256,897  
                 
    $ 4,044,206     $ 4,288,631  
Schedule of maturities on notes payable

Maturities on Notes Payable are as follows:

 

Years ending:      
December 31, 2016   $ 1,045,988  
December 31, 2017     287,643  
December 31, 2018     4,004,626  
    $ 5,338,257  
Director [Member]  
Related Party Transaction [Line Items]  
Schedule of notes payable

Notes payable, related parties, consists of:

 

    June 30,
2016
    December 31,
2015
 
Directors Notes   $ 289,866     $  
                 
Less discounts     (12,000 )        
                 
      277,866          
                 
Less current maturities     (277,866 )        
                 
    $      $    
Schedule of maturities on notes payable

Maturities on Notes payable, related parties, are as follows:

 

Years ending:      
December 31, 2016   $ 39,166  
December 31, 2017     250,700  
    $ 289,866