Investment in Probabilities and Statistics, Inc.	6 Months Ended
Jun. 30, 2020
Notes to Financial Statements
Investment in Probabilities and Statistics, Inc.	NOTE 5 – INVESTMENT IN PROBABILITY AND STATISTICS, INC. The Company entered into a share exchange agreement with Probability and Statistics, Inc. (“P&S”), a privately held corporation, in August of 2018. Under the terms of the share exchange agreement, the Company agreed to issue 60,000,000 shares of its restricted common stock to P&S in exchange for 10,000 common shares of P&S, or a 1% interest. All shares issued by both parties under the agreement have all rights and entitlements as the common stock of every other shareholder of such share class. The investment in P&S was valued at $78,000 based on fair value of the Company’s shares issued to P&S on the date of the share exchange agreement and is being accounted for as a cost method investment. The Company received dividends from P&S during the six month periods ended June 30, 2020 and 2019 of $3,000, which have been presented as dividend income on the condensed consolidated statements of operations. The Company has an agreement with P&S to receive referral fees from P&S. Under the terms of the agreement, P&S has agreed to pay a 7% referral fee to the Company when P&S receives cash flows from providing blockchain software services to entities that were referred by the Company. The agreement is ongoing and has no expiration date. P&S is currently Blockchain LogisTech, LLC’s only customer.

Investment in Probabilities and Statistics, Inc.

6 Months Ended

Jun. 30, 2020

Investment in Probabilities and Statistics, Inc.

NOTE 5 – INVESTMENT IN PROBABILITY AND STATISTICS, INC.

The Company entered into a share exchange agreement with Probability and Statistics, Inc. (“P&S”), a privately held corporation, in August of 2018.

Under the terms of the share exchange agreement, the Company agreed to issue 60,000,000 shares of its restricted common stock to P&S in exchange for 10,000 common shares of P&S, or a 1% interest. All shares issued by both parties under the agreement have all rights and entitlements as the common stock of every other shareholder of such share class.

The investment in P&S was valued at $78,000 based on fair value of the Company’s shares issued to P&S on the date of the share exchange agreement and is being accounted for as a cost method investment. The Company received dividends from P&S during the six month periods ended June 30, 2020 and 2019 of $3,000, which have been presented as dividend income on the condensed consolidated statements of operations.

The Company has an agreement with P&S to receive referral fees from P&S. Under the terms of the agreement, P&S has agreed to pay a 7% referral fee to the Company when P&S receives cash flows from providing blockchain software services to entities that were referred by the Company. The agreement is ongoing and has no expiration date. P&S is currently Blockchain LogisTech, LLC’s only customer.