		September 30,		December 31,		Interest
		2019		2018	Term	rate
Alonso Van Der Biest	$	80,200	$	80,200	Note was issued on June 12, 2015 and due on June 11, 2019	16.5%
Alvaro Quintana		10,587		10,587	Note was issue on September 30, 2016 and due on September 29, 2019	0%
49% of Shareholder of SwissLink		1,540,612		-	Note is due on demand	0%
49% of Shareholder of SwissLink		200,460		-	Note is due on demand	5%
Total		1,831,859		90,787
Less: Current portion of loans payable		1,831,859		90,787
Long-term loans payable	$	-	$	-

During the nine months ended September 30, 2019, the Company repaid interest expense of $9,900.

During the nine months ended September 30, 2019, the Company loaned $24,500 to a related party. As of September 30, 2019 and December 31, 2018, the Company had due from related parties of $285,920 and $258,020, respectively. The loans are unsecured, non-interest bearing and due on demand.

During the nine months ended September 30, 2019, the Company borrowed $46,438 from CEO of the Company and repaid $38,400. As of September 30, 2019 and December 31, 2018, the Company had due to related parties of $34,631 and $23,193, respectively. The loans are unsecured, non-interest bearing and due on demand.

On June 25, 2018, the Company entered into Employment Agreements with the following persons: (i) Leandro Iglesias as President, CEO and Chairperson of the Company’s Board of Directors with an annual salary of $54,000; (ii) Juan Carlos Lopez Silva as Chief Commercial Officer with an annual salary of $54,000; and Alvaro Quintana Cardona as Chief Operating Officer and Chief Financial Officer with an annual salary of $30,000. The Employment Agreements have a term of 36 months, are renewable automatically for 24-month periods, unless the Company gives written notice at least 90 days prior to termination of the initial 36-month term. The Company shall have the right to terminate any of the employment agreements at any time without prior notice, but in that event, the Company shall pay these persons salaries and other benefits they are entitled to receive under their respective agreements for three years.

On May 2, 2019, the Company entered into Employment Agreements with the following persons: (i) Leandro Iglesias as President, CEO and Chairperson of the Company’s Board of Directors with an annual salary of $168,000 with an annual bonus of 3% of our net income; (ii) Juan Carlos Lopez Silva as Chief Commercial Officer with an annual salary of $120,000 with an annual bonus of 3% of our net income; and Alvaro Quintana Cardona as Chief Operating Officer and Chief Financial Officer with an annual salary of $144,000 with an annual bonus of 3% of our net income. The Employment Agreements have a term of 36 months, are renewable automatically for 24-month periods, unless the Company gives written notice at least 90 days prior to termination of the initial 36-month term. The Company shall have the right to terminate any of the employment agreements at any time without prior notice, but in that event, the Company shall pay these persons salaries and other benefits they are entitled to receive under their respective agreements for three years. The above executive officers agreed to two year non-compete and non-solicit restrictive covenants with the Company. If any of the executive officers are terminated for cause they shall forfeit any rights to severance.

During the nine months ended September 30, 2019 and 2018, the Company recorded management fees of $226,000 and $34,500 and paid $116,200 and $4,500, respectively. As at September 30, 2019 and December 31, 2018, the Company accrued management salaries of $165,231 and $55,431, respectively.