EXTINGUISHMENT OF LOAN DUE TO SHAREHOLDER

9 Months Ended

Sep. 30, 2018

Debt Disclosure [Abstract]

EXTINGUISHMENT OF LOAN DUE TO SHAREHOLDER

10. EXTINGUISHMENT OF LOAN DUE TO SHAREHOLDER

An expired promissory note and the accrued interest were written off to extinguishment of loan due to shareholder due in accordance with Florida Law 95.11 (2)(b) on the expiration of debt. The principal amount of $3,000,000 and accrued interest of $4,771,140 was written off.