Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Notes Receivable

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Note 4 - Notes Receivable
 3 Months Ended
Mar. 31, 2018
Notes to Financial Statements  
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]
Note
4:
Notes Receivable
 
Effective
April 29, 2017,
the Company entered into a regional developer agreement for certain territories in the state of Florida in exchange for
$320,000,
of which
$187,000
was funded through a promissory note. The note bears interest at
10%
per annum for
42
months and requires monthly principal and interest payments over
36
months, beginning
November 1, 2017
and maturing on
October 1, 2020. 
The note is secured by the regional developer rights in the respective territory.
 
Effective
August 31, 2017,
the Company entered into a regional developer agreement for certain territories in Maryland/Washington DC in exchange for
$220,000,
of which
$117,475
was funded through a promissory note. The note bears interest at
10%
per annum for
36
months and requires monthly principal and interest payments over
36
months, beginning
September 1, 2017
and maturing on
August 1, 2020.
The note is secured by the regional developer rights in the respective territory.
 
Effective
September 22, 2017,
the Company entered into a regional developer and asset purchase agreement for certain territories in Minnesota in exchange for
$228,293,
of which
$119,147
was funded through a promissory note. The note bears interest at
10%
per annum for
36
months and requires monthly principal and interest payments over
36
months, beginning
October 1, 2017
and maturing on
September 1, 2020.
The note is secured by the regional developer rights in the respective territory.
 
Effective
October 10, 2017,
the Company entered into a regional developer agreement for certain territories in Texas, Oklahoma and Arkansas in exchange for
$170,000,
of which
$135,688
was funded through a promissory note. The note bears interest at
10%
per annum for
36
months and requires monthly principal and interest payments over
36
months, beginning
September 24, 2017
and maturing on
October 24, 2020.
The note is secured by the regional developer rights in the respective territory.
 
The net outstanding balances of the notes as of
March 31, 2018
and
December 31, 2017
were
$482,395
and
$523,785,
respectively.