Other Income and Accrued Liabilities

12 Months Ended

Dec. 31, 2019

Other Income and Expenses [Abstract]

Other Income and Accrued Liabilities

Note 5 – Other Income and Accrued Liabilities

During the year ended December 31, 2018, the Company has written off approximately $648,349 from accounts payable resulting in a gain, which has been recorded in Other Income on the Statement of Operations. The amounts written off consist of miscellaneous old accounts payable, which were invalid accounts or already paid. Additionally, the Company has removed from its accounts payable and accrued liabilities certain judgments that have not been collected for which, the Colorado statute of limitations has lapsed. The Company has contacted these entities and has not received any correspondence from these entities acknowledging the existence of the debts. The Company’s UCC-1 filings and lien searches in the various states, including Colorado, showed no results or lien filings on record. These items consist of the following:

Description	Date of Judgment	Amount
Banc of America Leasing – judgment	August 17, 2010	$	24,183
Enterprise Leasing of Denver – judgment	June 26, 2009		84,432
Mercator Momentum Fund III LP – judgment	June 6, 2008		80,621	(1)
The Park III – office space rent expense recorded			83,160
Thermo Fisher Scientific, Inc. – amount recorded			360,952
Other accounts payable			15,001
Total amount written off		$	648.349

(1) Mercator Momentum Fund III, LP was dissolved December 12, 2008