10. Note Payable	12 Months Ended
10. Note Payable	Dec. 31, 2016
Notes Payable [Abstract]
Note Payable	In October 2013, the Company entered into a senior unsecured convertible promissory note agreement of $1,500,000. The terms of the note include an interest rate of 15% with a maturity date of October 10, 2016. The Company, although not required, is entitled to capitalize any accrued interest into the outstanding principal balance of the note up until maturity. At the maturity date, all unpaid principal and accrued interest is due. As part of the promissory note, the Company was required to pay origination fees and expenses associated with this note agreement (discussed in Other Assets Note 2), pay the subordinated debt originated in January 2010, pay $375,000 to a related party note held by a director, with the remaining use of proceeds for general corporate purposes including payment of deferred compensation to several management personnel. Additionally, the noteholder has the right, but not the obligation, to convert up to $1,000,000 of the principal balance of the note into common shares of the Company. The $1,000,000 maximum conversion ratio would entitle the noteholder to a maximum total of 10% of the then outstanding common stock of the Company, calculated on a fully diluted basis. Any conversion of the principal amount of this note into common stock would effectively lower the outstanding principal amount of the note. On October 10, 2016, the note matured and the Company entered a series of forbearance extension agreements through December 31, 2016. As of the date of this filing, the Company is in negotiations with the note holder with regard to a long-term restructuring of the note payable. As of December 31, 2016, the note payable balance was $2,417,096, which includes capitalized interest of $917,096. As of December 31, 2015, the note payable balance was $2,099,475, which includes capitalized interest of $599,475.

Halo Companies, Inc. 10-K