Quarterly report pursuant to Section 13 or 15(d)

Summary of Related Parties Loans Held for Investment (Details)

v3.22.1
Summary of Related Parties Loans Held for Investment (Details) - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Loans held-for-investment – related parties:    
Wattum Management $ 13,500,000 $ 20,500,000
Total loans held-for-investment – related parties 20,500,000 20,500,000
ZASH global media and entertainment corporation [Member]    
Loans held-for-investment – related parties:    
Wattum Management [1] 15,000,000 15,000,000
Magnifi [Member]    
Loans held-for-investment – related parties:    
Wattum Management [2] 1,500,000 1,500,000
Wattum management [Member]    
Loans held-for-investment – related parties:    
Wattum Management [3] $ 4,000,000 $ 4,000,000
[1] ZASH Global Media and Entertainment Corporation is a media and entertainment company involved in the development of consumer facing content.
[2] On October 12, 2021, the Company loaned $1,500,000 to Magnifi U. The interest rate on the note is 3% per annum. The maturity date of the loan is October 12, 2023. The purpose of the loan is to engage in the creation and distribution of digital media content.
[3] On October 14, 2021, the Company loaned $4,000,000 to Wattum Management, Inc. The interest rate on the note is 5% per annum. The maturity date of the loan is October 12, 2026. The purpose of the loan is to engage in the sale of crypto mining equipment.