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Related Party Transactions (Tables)
6 Months Ended
Jun. 30, 2020
Related Party Transactions [Abstract]  
Schedule of of related party balance

Due from related parties

 

   June 30,
2020
   December 31,
2019
 
   (dollars in thousands) 
         
(a) Next Cala 360   56    54 
Asiya Communications SAPI de C.V.   2      
Total Due from related parties   58    54 

 

Related party payables, net of discounts

 

   June 30,
2020
   December 31,
2019
 
   (dollars in thousands) 
(c) Due to Dinar Zuz LLC  $178   $            - 
(d) Due to Cima Telecom Inc.   411    - 
(b) Due to Next Communications, Inc. (current)   10    10 
           
Total Due from related parties  $599   $10 

 

(a)Next Cala 360, is a Florida corporation established and managed by the Company's Chief Executive Officer.

 

(b)Next Communication, Inc. is a corporation in which the Company's Chief Executive Officer a controlling interest and serves as the Chief Executive Officer. See disclosure above regarding payments by the Company in connection with the bankruptcy of Next Communication, Inc.

 

(c)Due to the April 6, 2020 180 days Loan Agreement with the Company to borrow up to $250 at an annual interest rate of nine percent (9.0%) ("the second "Dinar Zuz Note").

 

(d)Composed from annual fees in the amount of $300 for the maintenance and support services in accordance with the software maintenance agreement for the first (1st) calendar year from the Effective Date, reimbursement of legal fees in the amount of $65 and other software development services.