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Note 25 - Subsequent Events
12 Months Ended
Dec. 31, 2021
Notes to Financial Statements  
Subsequent Events [Text Block]

NOTE 25 SUBSEQUENT EVENTS

 

Our operating plans, business, financial condition and operating results may be adversely impacted by rising tensions in Ukraine, including Russia’s recent invasion into Ukraine. In February of 2022, Russia invaded Ukraine and the U.S. President announced widescale sanctions against Russia. Due to such sanctions, as well as the ongoing war in Ukraine, we could become unable to operate our planned business related to CEN Ukraine. Further, retaliatory acts by Russia in response to the sanctions could include cyber attacks, sanctions, or other actions that could disrupt the economy. In addition, on March 31, 2022, the Company determined that advances totaling $1,299,328 and note receivable of $44,859, as of such date, due to the Company from CEN Ukraine have been fully impaired as the current war in Ukraine continues to proceed. The Company has determined that it is unlikely that CEN Ukraine will have the ability to recover from the effects of the war in the foreseeable future.

 

Subsequent to December 31, 2021, the Company authorized the issuance of 416,667 shares of its common stock upon conversion of the principal amount due under a note to a person. The principal amount of the note prior to conversion was $100,000.