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NOTE 14. ABANDONMENT OF BOOMJ INC.
12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
NOTE 14. ABANDONMENT OF BOOMJ INC.

NOTE 14 – ABANDONMENT OF BOOMJ INC.

 

The Company during the fourth quarter of 2019 abandoned the BoomJ Inc. entity as there was believed to no future value to the organization. Abandonment occurs either when a business terminates its operations or when the asset is no longer profitable to operate. The gain on this entity’s abandonment is reported under the line item gain on subsidiary investment of $3,239,608.