Quarterly report pursuant to Section 13 or 15(d)

Note 19 - Related party transactions

v3.20.2
Note 19 - Related party transactions
9 Months Ended
Sep. 30, 2020
Notes  
Note 19 - Related party transactions

Note 19 – Related party transactions

 

WCI received a short term loan from an officer of WCI in December 2018. The loan did not originally bear interest and the balance reported on the condensed consolidated balance sheet as a related party payable, at September 30, 2020 and December 31, 2019, was $0 and $27,472, respectively. Due to the length of time the loan was outstanding, interest of $2,065 (6%) was paid with the final balance due on January 23, 2020.