Quarterly report pursuant to Section 13 or 15(d)

Loan Receivable (Tables)

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Loan Receivable (Tables)
9 Months Ended
Sep. 30, 2021
Loan Receivable  
Schedule of Loan Receivable

As of September 30, 2021 and December 31, 2020, loan receivable consisted of the following:

 

    September 30,     December 31,  
    2021     2020  
Loans Receivable – Zash Global Media and Entertainment Corporation (i)   $ 15,000,000     $  -  
Loans Receivable – PZAJ Holdings, LLC (ii)     3,150,000        -  
Total loans receivable     18,150,000       -  

 

(i)

On January 29, 2021, the Company loaned $5,000,000 and $2,000,000 to ZASH. The interest rate on the note is 6% per annum. The maturity date of the loan is January 28, 2023. The purpose of the loan is to engage in the acquisition, development and production of consumer facing content and related activities.

 

On February 18, 2021, the Company loaned $5,000,000 to ZASH. The interest rate on the note is 3% per annum. The maturity date of the loan is August 17, 2023. The purpose of the loan is to engage in the acquisition, development and production of consumer facing content and related activities.

 

On June 9, 2021, the Company loaned $3,000,000 to ZASH. The interest rate on the note is 3% per annum. The maturity date of the loan is August 17, 2023. The purpose of the loan is to engage in the acquisition, development and production of consumer facing content and related activities.

  (i)
  (ii)

PZAJ Holdings, LLC (“PZAJ”) is an entertainment company dedicated to the acquisition, financing, development, production, and distribution of films and television projects. ZVV has partnered with PZAJ to co-develop certain film and television projects including but not limited to Preach, Camp Hideout, Camp Radio and Thrillusionist. The co-developed projects are intended to be licensed or sold to various media companies and or streamed on the recently announced LOMO TV.

 

On June 17, 2021, the Company loaned $950,000 to PZAJ. The interest rate on the note is 2% per annum. The maturity date of the loan is June 16, 2022. The purpose of the loan is to engage in the acquisition, development and production of consumer facing content and related activities.

 

On July 12, 2021, the Company loaned $150,000 to PZAJ. The interest rate on the note is 2% per annum. The maturity date of the loan is July 17, 2022. The purpose of the loan is to engage in the acquisition, development and production of consumer facing content and related activities.

 

On September 8, 2021, the Company loaned $2,050,000 to PZAJ. The interest rate on the note is 2% per annum. The maturity date of the loan is September 17, 2022. The purpose of the loan is to engage in the acquisition, development and production of consumer facing content and related activities.