Quarterly report pursuant to Section 13 or 15(d)

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

v3.20.2
ACCOUNTS PAYABLE AND ACCRUED EXPENSES
9 Months Ended
Sep. 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 September 30, 2020 and December 31, 2019:

 

 

 

September 30,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Accounts payable

 

$ 757,168

 

 

$ 709,353

 

Interest payable on notes payable

 

 

1,138,157

 

 

 

1,138,157

 

Interest payable on notes payable, related parties

 

 

148,260

 

 

 

125,903

 

Deferred insurance

 

 

8,896

 

 

 

53,967

 

Interest payable on EIDL loan

 

 

579

 

 

 

-

 

Interest payable on PPP loan

 

 

107

 

 

 

-

 

Accrued expenses

 

 

18,463

 

 

 

-

 

 

 

$ 2,071,630

 

 

$ 2,027,380