Related Party Transactions

6 Months Ended

Jun. 30, 2020

Related Party Transactions [Abstract]

Related Party Transactions

12. Related party transactions

Shawn E. Leon

As of June 30, 2020 and December 31, 2019 the Company had a payable of $332,098 and $293,072, respectively to Shawn E. Leon. Mr. Leon is a director and CEO of the Company. The balances payable is non-interest bearing and has no fixed repayment terms.

Mr. Leon was paid management fees of $0 for the six months ended June 30, 2020 and 2019. Mr. Leon is entitled to management fees of $240,000 per annum, the fee is not accrued and will not be paid in arears.

Leon Developments, Ltd.

As of June 30, 2020 and December 31, 2019, the Company owed Leon Developments, Ltd., $842,959 and $904,121, respectively. The balance owing to Leon Developments, Ltd. Is non-interest bearing and has no fixed terms of repayment.

Eileen Greene

As of June 30, 2020 and December 31, 2019, the Company owed Eileen Greene, the spouse of Mr. Leon, $1,565,109 and $1,595,887, respectively. The amount owing to Ms. Greene is non-interest bearing and has no fixed repayment terms.