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ACCRUED LIABILITIES
12 Months Ended
Dec. 31, 2019
Payables and Accruals [Abstract]  
ACCRUED LIABILITIES

3. ACCRUED LIABILITIES

 

The accrued liabilities are summarized below:

 

    2019     2018  
Accrued interest on note payable   $ 2,629,003     $ 2,308,363  
Accrued general and administrative expenses     156,770       138,348  
Other payable     727,500       727,500  
    $ 3,513,273     $ 3,174,211  

 

The other payable balance represented accounts payable owed to Sperco, LLC (“SLLC”) (an entity controlled by Stephen J. Sperco, the Company’s former CEO/President/Director). On September 11, 2014, in connection with the change in ownership, the payable in the amount of $727,500 was assigned to Tang Chuan Choon, a third party.