Quarterly report pursuant to Section 13 or 15(d)

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

v3.22.1
ACCOUNTS PAYABLE AND ACCRUED EXPENSES
3 Months Ended
Mar. 31, 2022
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 March 31, 2022 and December 31, 2021:

 

 

 

March 31,

 

 

December 31,

 

 

 

2022

 

 

2021

 

Accounts payable and accrued expenses

 

$ 895,706

 

 

$ 986,605

 

Related party payable

 

 

865,300

 

 

 

790,300

 

Interest payable on notes payable

 

 

1,166,102

 

 

 

1,153,773

 

Interest payable on notes payable, related parties

 

 

262,758

 

 

 

224,592

 

Deferred insurance

 

 

1,280

 

 

 

2,561

 

Interest payable on EIDL loan

 

 

4,763

 

 

 

4,076

 

Interest payable on PPP loan

 

 

1,292

 

 

 

983

 

Accrued expenses

 

 

30,191

 

 

 

25,670

 

 

 

$ 3,227,392

 

 

$ 3,188,560