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Deferred Compensation
6 Months Ended
Jun. 30, 2023
Deferred Compensation [Abstract]  
DEFERRED COMPENSATION

NOTE 4 – DEFERRED COMPENSATION

 

On May 24, 2019, the company entered into the APA with AOS to acquire certain assets. As consideration for the APA, the company entered into a promissory note issued to the shareholders of AOS for $2,500,000. The company also recorded a debt discount, which is reported on the balance sheet as deferred compensation, in the amount of $2,500,000, in relation to the transaction which is being amortized over the life of the loan as compensation expense. The amortization of deferred compensation for the six months ended June 30, 2023, and 2022 was $0 and $416,666, respectively.