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Subsequent Events
6 Months Ended
Jun. 30, 2020
Subsequent Events [Abstract]  
Subsequent Events

NOTE 10 - SUBSEQUENT EVENTS

 

On June 29, 2020, the Company entered into a purchase and sale agreement (the “Agreement”) with Millennium Fine Art Inc. (“MFAI”), pursuant to which the Company agreed to sell its 4% ownership interest in a 12.3 kilogram carved natural blue sapphire (the “Millennium Sapphire” or the “Target Asset”) to MFAI, and MFAI agreed to acquire the 4% ownership of the Target Asset from the Company. As consideration thereto, on July 23, 2020, MFAI issued 1,000,000 restricted shares of its common stock to the Company valued at $5,000,000 ($5 per share). A gain on disposal of $1,000,000 will be recorded by the Company in the next quarterly period ending September 30, 2020.