Quarterly report pursuant to Section 13 or 15(d)

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

v3.20.2
ACCOUNTS PAYABLE AND ACCRUED EXPENSES
 6 Months Ended
Jun. 30, 2020
ACCOUNTS PAYABLE AND ACCRUED EXPENSES  
Note 8 - ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses consisted of the following as of June 30, 2020 and December 31, 2019:

 

 

 

June 30,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Accounts payable

 

$

653,603

 

 

$

709,353

 

Interest payable on notes payable

 

 

1,138,157

 

 

 

1,138,157

 

Interest payable on notes payable, related parties

 

 

140,754

 

 

 

125,903

 

Deferred insurance

 

 

-

 

 

 

53,967

 

Interest payable on PPP loan

 

 

36

 

 

 

-

 

 

 

$

1,932,550

 

 

$

2,027,380