Quarterly report pursuant to Section 13 or 15(d)

Investment in account receivable (Tables)

v3.22.1
Investment in account receivable (Tables)
3 Months Ended
Mar. 31, 2022
Receivables [Abstract]  
Schedule of receivables with imputed interest

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

 

    March 31,
2022
as modified
    December 31,
2021
 
Face value   $ 404,500     $ 585,000  
Impairment     -       (116,430 )
Total     404,500       468,570  
Unamortized discount     (131,627 )     (167,137 )
Net balance     272,873       301,433  
Current portion     (101,200 )     -  
Long term portion   $ 171,673     $ 301,433