Quarterly report pursuant to Section 13 or 15(d)

Prepaid Expenses

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Prepaid Expenses
6 Months Ended
Jun. 30, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Prepaid Expenses

NOTE 4 – PREPAID EXPENSES

 

Prepaid expenses amounted to $4,090 at June 30, 2020 and $18,596 at December 31, 2019, respectively. Prepaid expenses include prepayments in cash for accounting fees, prepayments in equity instruments, which are being amortized over the terms of their respective agreements, as well as cost associated with certain contract liabilities. The current portion consists of costs paid for future services which will occur within a year.