Quarterly report pursuant to Section 13 or 15(d)

Investment in account receivable (Tables)

v3.21.2
Investment in account receivable (Tables)
6 Months Ended
Jun. 30, 2021
Receivables [Abstract]  
Schedule of receivables with imputed interest

The investment in account receivable consists of the following at June 30, 2021 and December 31, 2020:

 

    June 30,
2021
    December 31,
2020
 
Face value   $ 702,000     $ 702,000  
Impairment     (139,148 )     (139,148 )
Unamortized discount     (202,338 )     (232,794 )
Net balance     360,514       330,058  
Current portion     (84,662 )     (26,162 )
Long term portion   $ 275,852     $ 303,896