ACCOUNTS PAYABLE AND ACCRUED EXPENSES

9 Months Ended

12 Months Ended

Sep. 30, 2018

Dec. 31, 2017

Accounts payable and accrued expenses consisted of the following as of September 30, 2018 and December 31, 2017:

	September 30, 2018		December 31, 2017
Accounts payable	$	632,846	$	714,823
Interest payable on notes payable		760,322		483,075
Deferred rent		1,147		1,638
	$	1,394,315	$	1,199,536

Accounts payable and accrued expenses consisted of the following as of December 31, 2017 and 2016:

	2017		2016
Amounts payable	$	714,823	$	768,345
Interest payable on notes payable		483,075		168,785
Deferred rent		1,638		808
	$	1,199,536	$	937,938

During the year ended December 31, 2017, the Company settled old outstanding debt with vendors recognizing a $296,592 gain on settlement of debt.