ACCRUED INTEREST-RELATED PARTY

9 Months Ended

Sep. 30, 2018

Consolidated Statements Of Operations

ACCRUED INTEREST-RELATED PARTY

8. ACCRUED INTEREST-RELATED PARTY

As of September 30, 2018, the balance of accrued interest on this indebtedness is as follows:

	September 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).