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Accrued Payroll and Related Expenses
6 Months Ended
Jun. 30, 2020
Accrued Payroll and Related Expenses [Abstract]  
ACCRUED PAYROLL AND RELATED EXPENSES

NOTE 7 – ACCRUED PAYROLL AND RELATED EXPENSES

 

The Company is delinquent in filing its payroll taxes, primarily related to stock compensation awards in 2016 and 2017, but also including payroll for 2018, 2019, and 2020. At June 30, 2020 and December 31, 2019, the Company owed payroll tax liabilities, including penalties, of $3,786,790 and $3,724,050, respectively, to federal and state taxing authorities. The actual liability may be higher or lower due to interest or penalties assessed by federal and state taxing authorities. The Company expects to settle these liabilities by December 31, 2020.