ACCRUED LIABILITIES

12 Months Ended

Dec. 31, 2020

Payables and Accruals [Abstract]

ACCRUED LIABILITIES

3. ACCRUED LIABILITIES

The accrued liabilities are summarized below:

	2020		2019
Accrued interest on note payable	$	2,950,193	$	2,629,003
Accrued general and administrative expenses		124,904		156,770
Other payable		727,500		727,500
	$	3,802,597	$	3,513,273

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.