Quarterly report pursuant to Section 13 or 15(d)

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)

v3.20.1
ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)
3 Months Ended
Mar. 31, 2020
ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)  
Schedule of 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