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Concentrations
3 Months Ended
Mar. 31, 2022
Risks and Uncertainties [Abstract]  
Concentrations

Note 18 – Concentrations

 

Concentration of Credit Risk

 

Financial instruments, which potentially subject the Company to a concentration of credit risk, consist principally of temporary cash investments. There have been no losses in these accounts through March 31, 2022.

 

Liquidity risk

 

The Company has an accumulated deficit of $300,606,590 and has a working capital deficit of $24,415,856 as of March 31, 2022, which raises substantial doubt about its ability to continue as a going concern as the Company does not have sufficient funds to discharge its current liabilities.

 

Customers

 

For the periods ended March 31, 2021, our Company earned net revenues of $45,000. All sales were derived from providing IT consulting services to a related party.

 

For the periods ended March 31, 2022, our Company earned net revenues of $231,963. $45,000 sales were derived from providing IT consulting services to a related party and $186,963 sales were derived from Amazon sales.