FACTOR RECEIVABLES, LETTERS OF CREDIT PAYABLE AND LOAN PAYABLE (Details Narrative) - USD ($) |
6 Months Ended | |
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Jun. 30, 2021 |
Dec. 31, 2020 |
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Factor Receivables Letters Of Credit Payable And Loan Payable | ||
Fixed fee description | The Company paid an initial fixed fee of 5% of the cost of products it purchased from the vendor upon opening the LC, and 1% each 30 days thereafter, after the LC is funded by the Factor until such time as the Factor receives the payment from the Company’s customers. | |
Factor receivable allowance | $ 13,000 | $ 13,000 |
Factor receivable | $ 807,648 |
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- References No definition available.
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- Definition Fixed fee description. No definition available.
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- Definition Amount of allowance for credit loss on receivable, classified as other and current. No definition available.
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- Definition Amount, after allowance, of receivables classified as other, due within one year or the operating cycle, if longer. No definition available.
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