Accounts Receivable (Details) |
12 Months Ended |
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Dec. 31, 2020
USD ($)
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Accounts Receivable (Details) [Line Items] | |
Accounts receivable | $ (484,790) |
Subscription receivable | (90,000) |
Trade receivable | $ 484,790 |
Accounts receivable description | The factor advances funds to the Company at 90% of accounts receivable factored. The outstanding balance bears a daily interest rate of 0.05%. As of December 31, 2020, 100% of the monies owed were collected by the Company and the factoring agent under the terms of the Factor Agreement. The Company expenses the fees and interest charged by the factoring agent as a loss on factoring within its financial statements, which totaled $50,306 during the twelve month period ended December 31, 2020. |
GST [Member] | |
Accounts Receivable (Details) [Line Items] | |
Accounts receivable | $ (29,080) |
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- Definition The amount receivable by the entity that it does not separately disclose in the same statement or note. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Accounts Receivable Description No definition available.
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- References No definition available.
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- Definition Revenue from circulation or sale of subscriptions (for example, but not limited to, subscriptions to a magazine or newspaper). No definition available.
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- Definition The Amount of trade receivable No definition available.
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- Details
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