Investment in account receivable (Tables)

9 Months Ended

Sep. 30, 2023

Investment In Account Receivable

Schedule of receivables with imputed interest

The investment in account receivable consists of the following at September 30, 2023 and December 31, 2022:

	September 30, 2023			December 31, 2022
Face value*	$	285,700		$	403,600
Unamortized discount		(61,200	)		(88,291	)
Net balance		224,500			315,309
Current portion		-			-
Long term portion	$	224,500		$	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 for the nine months ended September 30, 2023.