Related Party Transactions

9 Months Ended

Sep. 30, 2020

Related Party Transactions [Abstract]

Related Party Transactions

12. Related party transactions

Shawn E. Leon

As of September 30, 2020 and December 31, 2019 the Company had a payable of $324,804 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 nine months ended September 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 September 30, 2020 and December 31, 2019, the Company owed Leon Developments, Ltd., $869,850 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 September 30, 2020 and December 31, 2019, the Company owed Eileen Greene, the spouse of Mr. Leon, $1,565,109 and $1,696,473, respectively. The amount owing to Ms. Greene is non-interest bearing and has no fixed repayment terms.