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Concentrations
9 Months Ended
Sep. 30, 2023
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 for the years, consist principally of temporary cash investments. There have been no losses in these accounts through September 30, 2023 and the year ended on December 31, 2022.

 

Liquidity risk

 

The Company has an accumulated deficit of $314,837,377 and has a working capital deficit of $30,311,629 as of September 30, 2023, 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

 

Per the Termination Agreement with Mahaser, the Company did not recognize revenue in the third quarter ended on September 30, 2023. Sales for both the period ended September 30, 2023 and 2022 were $0 and $90,000. The Consulting income from related party for the period ended September 30, 2023 and 2022 was $0 and $90,000.