Annual report pursuant to Section 13 and 15(d)

4. Prepayments and Advances

v3.19.1
4. Prepayments and Advances
 12 Months Ended
Dec. 31, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Prepayments and Advances

NOTE 4 – PREPAYMENTS & ADVANCES

 

Prepayments and Advances is comprised of advances paid to employees, prepaid services and fees and prepayments paid to vendors to initiate orders. The prepaid balances are summarized as follows:

 

    December 31,     December 31,  
    2018     2017  
Advances to Employees   $ –     $ 4,960  
Prepaid Services and Fees     152,204       8,875  
Vendor Prepayments     776,478       845,442  
    $ 928,682     $ 859,277