RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) |
3 Months Ended | |
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Mar. 31, 2020 |
Mar. 31, 2019 |
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Monthly sub leased | $ 4,000 | |
Mr. Chaya Segelman [Member] | ||
Employee benefits | 0 | $ 1,202 |
Mr. Joseph Segelman [Member] | ||
Employee benefits | $ 9,665 | 4,707 |
Mr. Joseph Segelman [Member] | Consulting Agreement [Member] | ||
Description of consulting agreement | The Company previously had a consulting agreement with its secretary and director (“Secretary”) under which she was compensated $60,000 per annum. Beginning June 20, 2013, this contract was to continue unless and until terminated at any time by either the Company or Secretary giving two month notice in writing. Such consulting agreement was terminated by mutual agreement as of May 1, 2015 and superseded by the employment agreement effective May 1, 2015. | |
Consulting fees | $ 120,000 | |
Compensation expense | 0 | 45,000 |
Mr. Joseph Segelman [Member] | Employment Agreements [Member] | ||
Minimum annual base salary and compensation | $ 180,000 | |
Description of amount equal to base salary | An amount equal to 200% of the base salary | |
Agreement expiration date | Dec. 31, 2018 | |
Secretary [Member] | Consulting Agreement [Member] | ||
Consulting fees | $ 60,000 | |
Compensation expense | 0 | $ 20,000 |
Secretary [Member] | Employment Agreements [Member] | ||
Minimum annual base salary and compensation | $ 80,000 | |
Description of amount equal to base salary | An amount equal to 50% of the base salary | |
Agreement expiration date | Dec. 31, 2018 |
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- Definition Amount of expense for salary and wage arising from service rendered by officer. Excludes allocated cost, labor-related nonsalary expense, and direct and overhead labor cost included in cost of good and service sold. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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