|6 Months Ended|
Jun. 30, 2021
NOTE 4 – NOTES RECEIVABLE
On April 22, 2021, the Company made a loan to American Robotics in the aggregate amount of $2.0 million. The note carries interest at a rate of 2% per annum. The principal and any accrued and unpaid interest shall be due on April 22, 2022. As of and for the three and six months ended June 30, 2021, the Company recorded $7,562 of interest receivable and interest income related to the note in in the accompanying unaudited condensed consolidated financial statements. See Note 13 for further details.
The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef