Notes Receivable

9 Months Ended

Sep. 30, 2021

Notes Receivable

Notes Receivable

Note 7 – Notes Receivable

On August 5, 2021, the Company entered into a promissory note with Bloom Invo, LLC. The note was entered into in conjunction with the Georgia JV, accrues interest at 3.25% per annum and principal and interest shall be repaid from 50% of the Georgia JV’s operating profit, net of reserves, no later than August 5, 2026. The balance as of September 30, 2021, consists of $200,000 principal and $579 of accrued interest.

The following table lists the Company’s notes receivable:

	September 30, 2021		December 31, 2020
Notes receivable – Bloom Invo, LLC	$	200,579	$	-
Total notes receivable	$	200,579	$	-