Related party transactions

12 Months Ended

Dec. 31, 2019

Related Party Transactions [Abstract]

Related party transactions

15. Related party transactions

Shawn E. Leon

As of December 31, 2019 and 2018 the Company had a payable to Shawn Leon of $293,072 and a receivable of $32,650 from Shawn E. Leon, respectively. Mr. Leon is a director and CEO of the Company. The balances payable and receivable are non-interest bearing and has no fixed repayment terms.

Certain Companies controlled by Mr. Leon were paid management fees of $0 and $182,430 for the years ended December 31, 2019 and 2018, respectively. Due the current financial position of the Company, no management fees were accrued or paid.

Leon Developments, Ltd.

As of December 31, 2019 and 2018, the Company owed Leon Developments, Ltd. $904,121 and $1,581,499, respectively, for funds advanced to the Company.

Eileen Greene

As of December 31, 2019 and 2018, the Company owed Eileen Greene, the spouse of our CEO, Shawn Leon, $1,595,887 and $1,034,114, respectively. During the year ended December 31, 2019, Ms. Greene advanced the company a net $560,824 to fund working capital requirements. The amount owing to Ms. Greene is non-interest bearing and has no fixed repayment terms.

 All related party transactions occur in the normal course of operations and in terms of agreements entered into between the parties.