RELATED PARTY TRANSACTIONS |
9 Months Ended |
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Sep. 30, 2021 | |
| RELATED PARTY TRANSACTIONS | |
| RELATED PARTY TRANSACTIONS |
NOTE 15 – RELATED PARTY TRANSACTIONS The Company received consulting services from various shareholders. The total cost of these consulting services for the three and nine months ended September 30, 2021 was approximately $30,000 and $170,000, respectively. The total cost of these consulting services for the three and nine months ended September 30, 2020 was approximately $107,000 and $335,000, respectively. The accounts payable to these certain shareholders as of September 30, 2021 and December 31, 2020 was approximately $0 and $16,000, respectively. On December 30, 2020, the Company received an advance from a certain investor for reimbursement of certain expenses. This is recorded as due to related party on the condensed consolidated balance sheets as of September 30, 2021 and December 31, 2020 in the amount of $3,637 and $243,638 respectively. On July 29, 2021, the Company entered into a short-term promissory note with a related party (Note 11). |
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- References No definition available.
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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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