Annual report pursuant to Section 13 and 15(d)

Note 5 - Bhang Corporation (formerly known as Bhang Chocolate Company, Inc.) and Judgment: Schedule of Receivable and Accrued Interest (Tables)

v3.8.0.1
Note 5 - Bhang Corporation (formerly known as Bhang Chocolate Company, Inc.) and Judgment: Schedule of Receivable and Accrued Interest (Tables)
12 Months Ended
Dec. 31, 2017
Tables/Schedules  
Schedule of Receivable and Accrued Interest

 

 

 

2017

 

2016

Receivable from Bhang Chocolate Company

$

1,500,000

$

1,500,000

Accrued interest

 

540,521

 

422,588

Reimbursed costs

 

5,147

 

-

Sub-total

 

2,045,668

 

1,922,588

Reserve pending collection efforts

 

-

 

(422,588)

Interest payable to Bhang owners

 

(58,569)

 

-

Receivable from Bhang Chocolate Company

 

1,987,099

 

1,500,000

Current portion

 

(1,987,099)

 

-

Long term portion

$

-

$

1,500,000