Annual report pursuant to Section 13 and 15(d)

Payroll Taxes Payable

Payroll Taxes Payable	12 Months Ended
Dec. 31, 2019
Payroll Taxes Payable
Payroll Taxes Payable	NOTE 11 - PAYROLL TAXES PAYABLE In 2009 and 2010, REGS, a subsidiary of the Company, became delinquent for unpaid federal employer and employee payroll taxes, accrued interest and penalties were incurred related to these unpaid payroll taxes. In 2010 the IRS has filed notices of federal tax liens against certain of REGS assets in order to secure certain tax obligations. The IRS is to release this lien if and when REGS pays the full amount due. Two of the officers of REGS also have liability exposure for a portion of the taxes if REGS does not pay the liability. As of December 31, 2019, and 2018, the outstanding balance due to the IRS was $1,052,200, and $1,022,500, respectively. Other than this outstanding payroll tax matter arising in 2009 and 2010, all state and federal payroll taxes have been paid by REGS in a timely manner.

Payroll Taxes Payable

12 Months Ended

Dec. 31, 2019

NOTE 11 - PAYROLL TAXES PAYABLE

In 2009 and 2010, REGS, a subsidiary of the Company, became delinquent for unpaid federal employer and employee payroll taxes, accrued interest and penalties were incurred related to these unpaid payroll taxes.

In 2010 the IRS has filed notices of federal tax liens against certain of REGS assets in order to secure certain tax obligations. The IRS is to release this lien if and when REGS pays the full amount due. Two of the officers of REGS also have liability exposure for a portion of the taxes if REGS does not pay the liability.

As of December 31, 2019, and 2018, the outstanding balance due to the IRS was $1,052,200, and $1,022,500, respectively.

Other than this outstanding payroll tax matter arising in 2009 and 2010, all state and federal payroll taxes have been paid by REGS in a timely manner.