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Digital Asset
 12 Months Ended
Dec. 31, 2021
Digital Asset  
Digital Asset

 

5. Digital Asset

 

Digital asset holdings were comprised of the following:

 

   December 31,
2021		   December 31,
2020		   September 30,
2020		   

September 30,

2019

  
                     
USDC  $5,000,000   $       -   $       -    $ -  
Total  $5,000,000   $-   $-    $ -  

 

Additional information about USDC:

 

The following table presents additional information about USDC for the year ended December 31, 2021, the period of three months ended December 31, 2020 and for the years ended September 30, 2020 and 2019 respectively:

 

   December 31,
2021		   December 31,
2020		   September 30,
2020		   

September 30,

2019

  
                     
Opening balance  $-   $      -   $        -    $ -  
Collection from isuance of new shares   5,000,000    -     -      -  
Ending balance  $5,000,000   $-   $-    $           -  

 

For the year ended December 31, 2021, the Company did not consider it necessary to recognize any allowance for the impairment of the USDC.