Annual report pursuant to Section 13 and 15(d)

Investment in account receivable (Tables)

v3.22.1
Investment in account receivable (Tables)
12 Months Ended
Dec. 31, 2021
Receivables [Abstract]  
Schedule of receivables with imputed interest

The April 10, 2015 account receivable is supported by an exchange agreement and consisted of the following at December 31, 2021 and 2020:

 

    2021     2020  
Face value   $ 585,000     $ 702,000  
Impairment     (116,430 )     (139,148 )
Unamortized discount     (167,137 )     (232,794 )
Net balance     301,433       330,058  
Current portion     -       (26,162 )
Long term portion   $ 301,433     $ 303,896