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Concentrations
12 Months Ended
Dec. 31, 2022
Risks and Uncertainties [Abstract]  
Concentrations

Note 19 – Concentrations

 

Concentration of Credit Risk

 

Financial instruments, which potentially subject the Company to a concentration of credit risk for the years, consist principally of temporary cash investments. There have been no losses in these accounts through December 31, 2022 and 2021.

 

Liquidity risk

 

The Company has an accumulated deficit of $299,257,917 and has a working capital deficit of $18,522,046 as of December 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

 

Sales for both the years ended December 31, 2022 and 2021 were $1,152,555 and $0. The Consulting income from related party for both the years ended December 31, 2022 and 2021 was $45,000 and $180,000. Sales are derived from providing IT consulting services to a related party and sales from amazon and Ebay.