NOTES PAYABLE (Details Narrative) - USD ($) |
9 Months Ended | |
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Sep. 30, 2016 |
Dec. 31, 2015 |
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Short term loans | $ 320,400 | $ 354,000 |
Addition of short term loans | 1,400 | |
Repayment of short term loans | $ 35,000 | |
Director and Officer Insurance [Member] | ||
Interest Rate for notes payable | 5.99% | 6.70% |
Product Liability | $ 12,017 | $ 16,671 |
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- Definition Addition of short term loans. No definition available.
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- Definition A loan scheduled to be repaid in less than a year . When your business doesn't qualify for a line of credit from a bank, you might still have success in obtaining money from then in the form of a one-time, short-term loan less than a year to finance your temporary working capital needs. No definition available.
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- Definition Undiscounted amount of the accrual for damages arising from third-party use of the entity's product or process expected to be paid in the remainder of the fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. No definition available.
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- Definition The cash outflow for an obligation which places a lender in a lien position behind debt having a higher priority of repayment (senior loan) in liquidation of the entity's assets scheduled to be repaid within one year or in the normal operating cycle of the entity, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of the carrying amount of short-term borrowings outstanding as of the balance sheet date which accrues interest at a set, unchanging rate. No definition available.
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- Details
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