Quarterly report pursuant to Section 13 or 15(d)

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

v3.20.1
ACCOUNTS PAYABLE AND ACCRUED EXPENSES
3 Months Ended
Mar. 31, 2020
ACCOUNTS PAYABLE AND ACCRUED EXPENSES  
Note 8 - ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses consisted of the following as of March 31, 2020 and December 31, 2019:

 

 

 

March 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Accounts payable

 

$ 1,153,055

 

 

$ 709,353

 

Interest payable on notes payable

 

 

1,138,157

 

 

 

1,138,157

 

Interest payable on notes payable, related parties

 

 

133,328

 

 

 

125,903

 

Deferred insurance

 

 

22,490

 

 

 

53,967

 

Accrued expenses

 

 

6,250

 

 

 

-

 

 

 

$ 2,453,280

 

 

$ 2,027,380