v3.21.2
Due to Stockholders
 3 Months Ended
Mar. 31, 2020
Related Party Transactions [Abstract]  
Due to Stockholders

NOTE 7 - DUE TO STOCKHOLDERS

 

Due to stockholders at March 31, 2020 and December 31, 2019 consists of the following:

 

    March 31,     December 31,  
    2020     2019  
Daniel Monteverde     648       1,388  
Angelo Ponzetta     10,233       10,167  
Christopher Burden     172,536       172,536  
Maurice Ojeda     200,000       200,000  
                 
    $ 383,416     $ 384,091  

 

During the three months ended March 31, 2020 and 2019, in connection with the Bluwire acquisition, the Company assumed liabilities to Bluwire’s members, Christopher Burden and Maurice Ojeda, totaling $372,536. The amounts do not incur interest and are due on demand.

 

As of March 31, 2020 and December 31, 2019, accounts payable and accrued liabilities included salaries of $139,300 and $111,000, respectively, and accrued board of director fees of $60,000 and $30,000, respectively.