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RELATED PARTY TRANSACTIONS (Tables)
 12 Months Ended
Dec. 31, 2019
RELATED PARTY TRANSACTIONS  
Summary of related party notes payable

 

 

2019

 

 

2018

 

 

 

 

 

 

 

 

Beginning Balance

 

 $ 1,793,437

 

 

 $ 97,979

 

Transfer of third-party debt

 

 

 -

 

 

 

 1,718,400

 

Payments

 

 

 (382,055 )

 

 

 (18,330 )

Foreign currency translation

 

 

 (35,850 )

 

 

 (4,612 )

Ending Balance

 

 $ 1,375,532

 

 

 $ 1,793,437

 
Summary of related party loans payable

 

 

2019

 

 

2018

 

 

 

 

 

 

 

 

Beginning Balance

 

 $ 1,775,251

 

 

 $ 7,213

 

Proceeds

 

 

 585,915

 

 

 

 2,408,965

 

Payments

 

 

 (262,226 )

 

 

 (631,166 )

Conversion of debt

 

 

 (1,050,000 )

 

 

 -

 

Disposal of subsidiary

 

 

 -

 

 

 

 (9,501 )

Reclassification of receivable

 

 

 2,547

 

 

 

 -

 

Foreign currency translation

 

 

 (25,223 )

 

 

 (260 )

Ending Balance

 

 $ 1,026,264

 

 

 $ 1,775,251