Long-Term Investment

3 Months Ended

Mar. 31, 2021

Investments, All Other Investments [Abstract]

Long-Term Investment

NOTE 8: LONG-TERM INVESTMENT

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

	March 31, 2021		December 31, 2020
Equity Security – Compulsorily Convertible Debenture	$	-	$	40,603

The investment the Company had in a 1% Compulsorily Convertible Debenture for the period of seven years were 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 had 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. The debenture was between TRAQ Pvt Ltd. and Mimo and was forgiven/written-off prior to the acquisition of Mimo on February 16, 2021.

In addition there was an investment acquired in the acquisition of Rohuma US for $1,440.