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Long-Term Investment
12 Months Ended
Dec. 31, 2019
Investments, All Other Investments [Abstract]  
Long-Term Investment

NOTE 7: LONG-TERM INVESTMENT

 

The Company’s long-term investment is as follows:

 

    December 31, 2019    

December 31,

2018

 
                 
Equity Security – Compulsorily Convertible Debenture   $ 41,617     $ -  

 

The investment the Company has in a 1% Compulsorily Convertible Debenture for the period of seven years are neither to be redeemed by the issuing entity nor are redeemable at the option of the investor, therefore this has been considered an equity security. The Company has elected to measure the equity security at its cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer.