Quarterly report pursuant to Section 13 or 15(d)

Schedule of Investment in account receivable (Tables)

v3.5.0.2
Schedule of Investment in account receivable (Tables)
9 Months Ended
Sep. 30, 2016
Schedule of Investment in account receivable (Tables):  
Schedule of Investment in account receivable supported by an exchange agreement (Tables)

The April 10, 2015 investment in account receivable is supported by an exchange agreement and consisted of the following:

 

 

 

September 30, 2016

 

December 31, 2015

Face value

$

1,170,000

$

1,287,000

Unamortized discount

 

(594,614)

 

(674,427)

 Net balance

 

575,386

 

612,573

 Current portion

 

(93,399)

 

(92,542)

 Long term portion

$

481,987

$

520,031