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ACCOUNTS PAYABLE AND ACCRUED LIABILITIES
 12 Months Ended
Dec. 31, 2021
Payables and Accruals [Abstract]  
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

NOTE－13 ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

Accounts payable consisted of the following:

          
   December 31, 2021  December 31, 2020
Accounts payable  $261,907   $54,256 
Accrued liabilities and other payables - Related Party (a)   60,253    197,548 
Accrued liabilities and other payables (b)   753,345    480,024 
  Total Accounts payable  $1,075,505   $731,828 

 

(a) The amount represented due to two related parties in respect to unpaid salaries, unpaid legal fees and unpaid consulting fees amounted to $6,818, $53,435 and $0, respectively as of December 31, 2021.

 

The amount represented due to three related parties in respect to unpaid salaries, unpaid legal fees and unpaid consulting fees amounted to $5,000, $112,692 and $79,856, respectively as of December 31, 2020.

 

(b) Accrued liabilities and other payables consisted of the following:

 

Schedule of Accrued liabilities 

 

          
   December 31, 2021  December 31, 2020
Accrued payroll  $85,888   $58,092 
Accrued vat expenses   62,044    1,788 
Accrued taxes   62,272    28,318 
Other accruals   298,141    146,826 
Other payables (c)   245,000    245,000 
 Total Accrued liabilities  $753,345   $480,024 

 

(c) This included $75,000 related to SOSV. In January 2019, the HPL entered into stock purchase agreement and accelerator contract for equity (ACE) with SOSV IV LLC (SOSV) whereby the HPL will issue shares representing 5% of their capital stock for the amounts of $168,000 in three tranche (a) SOSV to pay to the HPL $75,000 for integration of Mobile Only Accelerator (MOX) software development kit, (b) SOSV to pay on behalf of the HPL $48,000 upon MOX successful application and setting up subsidiary, and (c) SOSV to pay on behalf of the HPL $45,000 for setting program for services. The Company received first tranche of $75,000 only and thereafter no other two tranche received by the HPL, however, the outcome of the deal did not results success and so later the HPL have not issued any shares to the SOSV, therefore the arrangement amount of $75,000 accounted as loan from SOSV. The Company sent the legal letter to the SOSV intimating that the Company acquired HPL by issuing 156 shares of preferred stock series C to Hottab Holding Limited for the 100% acquisition of HPL. As of December 31, 2021 and 2020, the Company had a total of $75,000 and $75,000 outstanding on this account, respectively. (refer footnote#19 for legal update).