Quarterly report pursuant to Section 13 or 15(d)

ACCOUNTS PAYABLE

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ACCOUNTS PAYABLE
6 Months Ended
Jun. 30, 2017
Payables and Accruals [Abstract]  
ACCOUNTS PAYABLE

NOTE 4 – ACCOUNTS PAYABLE

 

A large portion of the Company’s accounts payable are the result of chargebacks for product that was not sold by two of our former customers. The Company also has other payables that are several years old for which management is in discussion with the vendors to settle those liabilities for a lesser amount.

 

Chargeback $ 224,832
Aged payables   99,745
Other vendor payables   93,867
  $ 421,444