Annual report pursuant to Section 13 and 15(d)

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

v3.21.1
ACCOUNTS PAYABLE AND ACCRUED EXPENSES
12 Months Ended
Dec. 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 December 31, 2020 and 2019:

 

 

 

2020

 

 

2019

 

Accounts payable

 

$ 1,180,703

 

 

$ 709,353

 

Interest payable on notes payable

 

 

1,138,157

 

 

 

1,138,157

 

Interest payable on notes payable, related parties

 

 

155,768

 

 

 

125,903

 

Deferred insurance

 

 

5,930

 

 

 

53,967

 

Interest payable on EIDL loan

 

 

1,290

 

 

 

-

 

Interest payable on PPP loan

 

 

179

 

 

 

-

 

Accrued expenses

 

 

8,131

 

 

 

-

 

 

 

$ 2,490,158

 

 

$ 2,027,380