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ACCRUED LIABILITIES
12 Months Ended
Dec. 31, 2022
Payables and Accruals [Abstract]  
ACCRUED LIABILITIES

3. ACCRUED LIABILITIES

 

The accrued liabilities are summarized below:

 

Schedule of accrued liabilities          
   2022   2021 
Accrued interest on note payable  $   $3,270,833 
Accrued general and administrative expenses   28,962    18,669 
Unsecured liability       109,000 
Other payable       727,500 
Accrued liabilities  $28,962   $4,126,002 

 

The accrued interest on note payable, unsecured liability and other payable balances as of December 31, 2021 represented payable owed to Tang Chuan Choon, a third party. In June 2022, Tang Chuan Choon signed an agreement with Logicquest Technology Limited, pursuant to which such balances were assigned to Logicquest Technology Limited. As a result, such balances were reduced to $0 as of December 31, 2022. Also see Note 4 and Note 5.