v3.20.1
Investments (Tables)
 3 Months Ended
Mar. 31, 2020
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]  
Schedule of Equity Securities in Private Companies

A. Marketable Securities at Fair Value

 

Following is the summary of Company’s investment in marketable securities at fair value as at March 31, 2020 and December 31, 2019:

 

    March 31, 2020     December 31, 2019  
Company   No. of Shares     Book value     No. of Shares     Book value  
DUO     5,835,392     $ 145,885       5,835,392     $ 204,239  
      5,835,392     $ 145,885       5,835,392     $ 204,239  

 

At March 31, 2020, the Company revalued 5,835,392 common shares at their quoted market price of $0.025 per share, to $145,885; hence, recording a net loss on available for sale securities of $58,354 into the statement of operations for the three months ended March 31, 2020.

 

B. Investments at Cost

 

The Company, through its subsidiary, GEP Equity Holdings Limited, holds the following common equity securities in private and reporting companies as at March 31, 2020 and December 31, 2019:

 

    March 31, 2020     December 31, 2019      
Company   No. of Shares     Book value     No. of Shares     Book value     Status 
PDI     5,006,521     $ -       5,006,521     $ -     Private Company
      5,006,521     $ -       5,008,792     $ -      

 

The Company, through its subsidiary, GEP Equity Holdings Limited, holds the following preferred equity securities in private and reporting companies as at March 31, 2020 and December 31, 2019:

 

    March 31, 2020     December 31, 2019      
Company   No. of Shares     Book value     No. of Shares     Book value     Status
PDI     450,000     $ -       450,000     $ -     Private Company
      450,000     $ -       450,000     $ -