NOTE 6 - ACCRUED EXPENSES

9 Months Ended

Sep. 30, 2019

Payables and Accruals [Abstract]

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

NOTE 6 — ACCRUED EXPENSES

Accrued expenses consisted of the following as of September 30, 2019 and December 31, 2018:   

	September 30, 2019		December 31, 2018
Interest and fees payable to the Guarantors of the Company’s loan agreement with Seaside Bank	$	422,934	$	347,235
Interest payable on notes payable-related party (See Note 8)		555,571		482,784
Vendor accruals and other		146,420		146,420
Payroll and related expenses		14,837		-
Marketing obligation		2,378		179,353
	$	1,142,140	$	1,155,792

During the nine months ended September 30, 2019, the Company issued an aggregate of 16,166,984 shares of its common stock in settlement of outstanding accounts payable and accrued expenses. In connection with the issuance, the Company incurred a $23,168 net gain in settlement of debt.