Quarterly report pursuant to Section 13 or 15(d)

Prepaid Expenses

v3.20.1
Prepaid Expenses
3 Months Ended
Mar. 31, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Prepaid Expenses

NOTE 4 – PREPAID EXPENSES

 

Prepaid expenses amounted to $5,944 at March 31, 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.