Notes Payable - Related Party (Tables)

3 Months Ended

Mar. 31, 2020

Notes Payable [Abstract]

Schedule of Notes Payable

As of March 31, 2020, the Company had various notes payable to Gloria E. Gebbia, the Company’s principal stockholder, the details of which are presented below:

Description	Issuance Date	Face Amount
4% due December 2, 2020	December 2, 2019	$	3,000,000
Subordinated to MSCO*
4% due November 30, 2020**	November 30, 2018	$	3,000,000
4% due September 4, 2020	September 4, 2019	$	2,000,000
			5,000,000
Total Notes payable – related party		$	8,000,000

*The notes payable subordinated to MSCO were acquired as part of the acquisition of StockCross

**This note payable was renewed on November 30, 2019 for a term of one year