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Bank Loan
12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
BANK LOAN

NOTE 10-BANK LOAN

 

The bank loan is part of a US Line of credit facility dated December 17, 2019 for a maximum principal of $2,296,805 expiring December 17, 2021 at an interest rate of LIBOR +3%. This loan is secured against the Company's financial asset of $ 2,730,363 as disclosed in note 4 above.