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Cost-Method Investment
6 Months Ended
Jun. 30, 2021
Marketable Securities  
Note 8. Cost-Method Investment

(8) Cost-Method Investment

 

On June 10, 2021, the Company entered into a membership interest purchase agreement with SN2N, LLC for an aggregate purchase price of $350,000, to be paid in four tranches. Each tranche represents a 5% membership interest, and in aggregate a 20% membership interest. SN2N plans to design and manufacture an un-hackable communications channel that creates a new security paradigm; a state-of-the art signal amplification secured by intelligence-community-caliber hardware encryption. Amplitech would serve as exclusive manufacturer for the low noise amplifier product line used with this encryption technology. As of June 30, 2021, the Company has made an investment of $150,000 for a 10% membership interest.