Annual report pursuant to Section 13 and 15(d)

Note 12 - Related Party Transactions

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Note 12 - Related Party Transactions
12 Months Ended
Dec. 31, 2020
Related Party Transactions [Abstract]  
Related Party Transactions

During the year ended December 31, 2020, the Company recorded consulting expense of $1,133,000 for services rendered, of which, $525,000 was included as part of accrued expenses as of December 31, 2020 for a consultant who is also an owner of approximately 10% of the Company’s issued and outstanding common stock.

 

During the year ended December 31, 2019, the Company recorded consulting expense of $1,140,000 to a consultant who is also an owner of approximately 10 % of the Company’s issued and outstanding common stock. There was no outstanding balance due to the consultant as of December 31, 2019.