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Note 20 - Other Receivable
12 Months Ended
Dec. 31, 2021
Notes to Financial Statements  
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

NOTE 20 - OTHER RECEIVABLE

 

In May 2017, as amended on June 30, 2018 and on February 16, 2021, CEN entered into an agreement with CCM to provide a line of credit to CCM in amounts up to CAD $1,000,000 ($785,400) through December 31, 2021 (maturity date) at a rate of 2% per annum. No allowance was considered necessary as of December 31, 2020. The agreement was entered into to support the development of technologies that may be of future value to the Company. Effective with the acquisition of CCM by CEN (Note 5), outstanding balances between CCM and CEN are eliminated in consolidation.