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NOTE RECEIVABLE
6 Months Ended
Jun. 30, 2021
Receivables [Abstract]  
NOTE RECEIVABLE

NOTE 9: NOTE RECEIVABLE

 

The Company’s notes receivable is as follows:

 

   

June 30,
2021

   

December 31,
2020

 
                 
MIMO Technologies PVT Ltd   $ -     $ 227,877  

 

The Company entered into a note receivable with a related party in the amount of 15,037,263 INR (approximately $170,000 US$) dated April 1, 2020 with no stated maturity date. The note bears interest at 13% per annum. Further, the Company provided additional amounts on October 5, 2020, to bring the total outstanding to 16,647,264 INR ($227,877 US$) as of December 31, 2020. Upon the acquisition of Mimo by the Company, the balance of $258,736 in the note receivable was reduced to zero and applied towards the purchase of Mimo.