Annual report pursuant to Section 13 and 15(d)

Factor Receivables, Letters of Credit Payable and Loan Payable (Tables)

v3.20.1
Factor Receivables, Letters of Credit Payable and Loan Payable (Tables)
 12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Factor Loan Payable Activity

Financial information on factoring is set forth in the below table:

 

    For the Year Ended December 31,  
    2019     2018  
Factor payables, beginning balance   $ 1,304,512     $ 1,078,941  
      -       -  
New factorings     2,891,727       5,532,225  
Payments, net of returns and discounts     (4,070,594 )     (5,306,654 )
Factor loan payable, net   $ 125,645     $ 1,304,512