INVESTMENT IN UNCONSOLIDATED ENTITIES

9 Months Ended

Sep. 30, 2021

INVESTMENT IN UNCONSOLIDATED ENTITIES

INVESTMENT IN UNCONSOLIDATED ENTITIES

NOTE 6 – INVESTMENT IN UNCONSOLIDATED ENTITIES

The Company accounts for its investment for its investments in Viking and Elysium (until the Company’s Elysium interest was assigned to Viking on December 23, 2020) under the equity method.  The Company owns 0% of Elysium as of September 30, 2021 and December 31, 2020, respectively (25% from February 3, 2020 to December 23, 2020)

Table below shows the changes in the investments in unconsolidated entities for the nine-month period ended September 30, 2021 and the nine months ended December 31, 2020.

	September 30, 2021			December 31, 2020
Carrying amount – beginning of period	$	15,830,538		$	957,169
Investment in Viking		29,900,000			20,274,909
Proportionate Share of (losses)		(18,339,293	)		(5,401,540	)
Carrying amount - ending	$	27,391,246		$	15,830,538