Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies, Disclosure

v3.8.0.1
Commitments and Contingencies, Disclosure
6 Months Ended
Jun. 30, 2017
Notes  
Commitments and Contingencies, Disclosure

7.             COMMITMENTS AND CONTINGENCIES:

 

Vendors and Debt - The Company has significant liabilities as of June 30, 2017 with limited cash flow generated by the sale of Company assets and revenue.  The Company has $238,806 in accounts payable and accrued expenses from continuing operations.  In addition, the Company has $2,253,871 in debt and accrued interest from continuing operations.  The Company will work with their vendors and lenders to establish payment plans, explore extensions and conversion of debt.