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SHORT TERM DEBT – RELATED PARTIES
9 Months Ended
Sep. 30, 2021
Debt Disclosure [Abstract]  
SHORT TERM DEBT – RELATED PARTIES

NOTE 2– SHORT TERM DEBT – RELATED PARTIES

 

In October 2018, in connection with the acquisition of Community Specialty Pharmacy, LLC, a $300,000 promissory note was issued to Nikul Panchal, a non-executive officer of the Company, accruing simple interest at the rate of 10% per annum, payable annually, and having a maturity date on October 15, 2021. In October 2019, $75,000 of the note was converted into 25,000 common shares at $3.00 per share, leaving $225,000 of principal owed under the promissory note. There was a loss recognized on this conversion of $76,500.

 

In September 2021, the promissory note was paid in full.

 

At September 30, 2021 total related party debt was $0.