Annual report pursuant to Section 13 and 15(d)

Schedule of Investment in account receivable (Tables)

v3.8.0.1
Schedule of Investment in account receivable (Tables)
12 Months Ended
Dec. 31, 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 at December 31, 2016 and 2015:

 

 

 

2016

 

2015

Face value

$

1,053,000

$

1,287,000

Unamortized discount

 

(571,013)

 

(674,427)

Net balance

 

481,987

 

612,573

Current portion *

 

-

 

(92,542)

Long term portion

$

481,987

$

520,031