Investment in account receivable (Tables)

3 Months Ended

Mar. 31, 2023

Receivables [Abstract]

Schedule of receivables with imputed interest

The investment in account receivable consists of the following at March 31, 2023 and December 31, 2022:

	March 31, 2023			December 31, 2022
Face value*	$	286,300		$	403,600
Unamortized discount		(81,727	)		(88,291	)
Net balance		204,573			315,309
Current portion		-			-
Long term portion	$	204,573		$	315,309

* On January 10, 2023, the Company received the 2022 annual installment payment of $117,000. The Company applied the $117,000 to the face value of its investment in account receivable. Additionally, the Company reduced the face value of its investment in account receivable by an additional $100 per month in January, February, and March 2023.