Quarterly report pursuant to Section 13 or 15(d)

Investment in account receivable (Tables)

v3.22.2.2
Investment in account receivable (Tables)
9 Months Ended
Sep. 30, 2022
Receivables [Abstract]  
Schedule of receivables with imputed interest

The investment in account receivable consists of the following at September 30, 2022 and December 31, 2021:

 

    September 30,
2022
    December 31,
2021
 
Face value   $ 403,900     $ 585,000  
Impairment     -       (116,430 )
Total     403,900       468,570  
Unamortized discount     (106,343 )     (167,137 )
Net balance     297,557       301,433  
Current portion     (101,200 )     -  
Long term portion   $ 196,357     $ 301,433