Annual report pursuant to Section 13 and 15(d)

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

v3.22.1
ACCOUNTS PAYABLE AND ACCRUED EXPENSES
12 Months Ended
Dec. 31, 2021
ACCOUNTS PAYABLE AND ACCRUED EXPENSES  
NOTE 8 - 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, 2021 and 2020:

 

 

 

2021

 

 

2020

 

Accounts payable and accrued expenses

 

$ 1,776,905

 

 

$ 1,180,703

 

Interest payable on notes payable

 

 

1,153,773

 

 

 

1,138,157

 

Interest payable on notes payable, related parties

 

 

224,592

 

 

 

155,768

 

Deferred insurance

 

 

2,561

 

 

 

5,930

 

Interest payable on EIDL loan

 

 

4,076

 

 

 

1,290

 

Interest payable on PPP loan

 

 

983

 

 

 

179

 

Accrued expenses

 

 

25,670

 

 

 

8,131

 

 

 

$ 3,188,560

 

 

$ 2,490,158