XML 24 R14.htm IDEA: XBRL DOCUMENT v3.23.2
Other Loss
6 Months Ended
Jun. 30, 2023
Other Comprehensive Income (Loss), Tax [Abstract]  
OTHER LOSS

NOTE 7 – OTHER LOSS

 

Other loss is mainly composed from impairment of an investment of $537 in Cuentas SDI. On June 15, 2023, The OLB Group, Inc. entered into a Membership Interest Purchase Agreement dated as of June 15, 2023 with SDI Black 001, LLC whereby it acquired 80.01% of the membership interests of Cuentas SDI, LLC for a purchase price of $850. This purchase price resulted with an Impairment of an investment of $537 in Cuentas SDI.