Annual report pursuant to Section 13 and 15(d)

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)

v3.20.1
ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)
12 Months Ended
Dec. 31, 2019
ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)  
Schedule of accounts payable and accrued expenses

Accounts payable and accrued expenses consisted of the following as of December 31, 2019 and 2018:

 

 

 

2019

 

 

2018

 

Accounts payable

 

$ 709,353

 

 

$ 655,654

 

Interest payable on notes payable

 

 

1,138,157

 

 

 

802,114

 

Interest payable on notes payable, related parties

 

 

125,903

 

 

 

96,120

 

Deferred insurance

 

 

53,967

 

 

 

-

 

Deferred rent

 

 

-

 

 

 

764

 

 

 

$ 2,027,380

 

 

$ 1,554,652