Quarterly report pursuant to Section 13 or 15(d)

Schedule of Investment in account receivable (Tables)

v3.8.0.1
Schedule of Investment in account receivable (Tables)
3 Months Ended
Mar. 31, 2017
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 March 31, 2017 and December 31, 2016:

 

 

 

March 31, 2017

 

December 31, 2016

Face value

$

1,053,000

$

1,053,000

Unamortized discount

 

(547,412)

 

(571,013)

Net balance

 

505,588

 

481,987

Current portion *

 

(49,226)

 

-

Long term portion

$

456,362

$

481,987