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Note Receivable (Tables)
9 Months Ended
Sep. 30, 2024
Note Receivable  
Schedule of Note Receivable

 

 

September 30, 2024

 

 

December 31, 2023

 

Note Receivable from Mother Load Mining, Inc. pursuant to a Letter of Intent dated effective January 12, 2023, in the original principal amount of $5,700,000, accruing no interest, with monthly payments beginning on March 31, 2023, maturing February 1, 2025.

 

$2,219,442

 

 

$2,700,000

 

Less: Payments received

 

 

-

 

 

 

(480,558)

Total Note Receivable outstanding

 

 

2,219,442

 

 

 

2,219,442

 

Less: Allowance for Doubtful Note Receivable

 

 

(2,219,442)

 

 

(2,219,442)

Total Note Receivable

 

$-

 

 

$-