ACCRUED INTEREST-RELATED PARTY

6 Months Ended

Jun. 30, 2018

Consolidated Statement Of Operations

ACCRUED INTEREST-RELATED PARTY

8. ACCRUED INTEREST-RELATED PARTY

As of June 30, 2018 and December 31, 2017, the balance of accrued interest on this indebtedness is as follows:

	June 30, 2018		December 31, 2017
Accrued interest related party	$	-	$	5,017,708

During the second quarter of 2018, a total of $4,771,140 was written off to Extinguishment of loan due to shareholder. The remaining balance of $246,568 was reclassified as Accrued Interest Payable (non-related party).