Subsequent events |
9 Months Ended |
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Sep. 30, 2021 | |
| Subsequent Events [Abstract] | |
| Subsequent events |
Note 20 – Subsequent events
On October 6, 2021, the Company invested additional capital of $9,998 in Electrum for Litigation costs pursuant to the Recovery Purchase Agreement. The amount invested by the Company into Electrum for Litigation costs has increased to $191,527 and the Company is entitled to receive to 19% of anything of value received by Electrum as a result of the Recovery, following reimbursement to the Company of Litigation costs, see Note 9. Trial in the Electrum Litigation is currently scheduled to commence on March 7, 2022.
On or about October 26, 2021, the Company was notified of complete forgiveness, effective October 26, 2021, of its $76,593 PPP Loan principal plus accrued interest of $528. |
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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