DEBT

9 Months Ended

Sep. 30, 2018

NOTE 3 – DEBT

Notes Payable

Notes payable consisted of the following as of September 30, 2018 and December 31, 2017:


Balance December 31, 2017	$ 759,247
Cash additions	--
Cash payments	(276,247)
Balance September 30, 2018	$ 483,000
Less current portion September 30, 2018	--
Total long-term September 30, 2018	483,000

Convertible Notes Payable

Convertible notes payable due to non-related parties consisted of the following as of September 30, 2018 and December 31, 2017:


Balance December 31, 2017, net	$ 4,198,524
Cash additions	130,000
Cash payments	(70,065)
Conversions to common stock	(890,000)
Amortization of debt discounts	72,164
Balance September 30, 2018, net	$ 3,440,623
Less current portion September 30, 2018	(818,186)
Total long-term September 30, 2018	2,622,437

On April 16, 2018 the Company issued a convertible promissory note for $75,000 to a non-related party. The note has an interest rate of 10% and is secured by the Company’s inventory. The principal amount of the note and all accrued interest is due and payable on or before December 31, 2018. The note has a conversion feature for common shares at $0.08 per share. On June 29, 2018 the Company issued a convertible promissory note for $55,000 to a non-related party. The note has an interest rate of 10% and is secured by the Company’s inventory. The principal amount of the note and all accrued interest is due and payable on or before September 30, 2018. The note has a conversion feature for common shares at $0.12 per share.

See Note 7 for details of the conversions to common stock.

Convertible Notes Payable – Related Parties

Convertible notes payable due to related parties consisted of the following as of September 30, 2018 and December 31, 2017:


Balance December 31, 2017, net	$ 2,681,577
Cash additions	--
Cash payments	--
Conversions to common stock	--
Amortization of debt discounts	210,193
Balance September 30, 2018, net	$ 2,891,770
Less current portion September 30, 2018	(1,173,770)
Total long-term September 30, 2018	1,718,000

FOREVERGREEN WORLDWIDE CORP 10-Q