SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2021

SUBSEQUENT EVENTS

NOTE 18 - Subsequent Events

NOTE 18 — SUBSEQUENT EVENTS

The coronavirus disease 2019 (COVID-19) pandemic has adversely affected global economic business conditions. Future sales on products like ours could decline due to increased commodities prices, particularly gold. Although we are continuing to monitor and assess the effects of the COVID-19 pandemic, the ultimate impact is highly uncertain and subject to change. The duration of any such impact cannot be predicted, nor can the timing of the development and distribution of an effective vaccine or treatments for potential COVID-19 divergent strains, including the Delta variant.

The CA Service Agreement terminated and the CA Facility matured on July 30, 2021. As of that date, Committed Agency had drawn $778,883 on the CA Facility. Committed Agency has repaid $423,925 plus accrued interest as of June 30, 2021. They paid an additional $234,250 against the principal, plus accrued interest on July 22, 2021, leaving an outstanding principal balance of $120,708 plus accrued interest.