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LOANS RECEIVABLE

9 Months Ended

Sep. 30, 2021

Receivables [Abstract]

LOANS RECEIVABLE

NOTE 4 - LOANS RECEIVABLE

At September 30, 2021 and December 31, 2020, the Company’s loans receivable consists of the following:

 SCHEDULE OF LOANS RECEIVABLES

		September 30, 2021				December 31, 2020
Loans receivable, net		$	8,209			$	3,390
Less: current portion			(8,209	)			(2,394	)
Loans receivable, non-current		$	-			$	996

Loans receivable includes loans to franchisees and a former franchisee totaling, in the aggregate, $8,209 and $3,390, net of reserves for uncollectible loans of $61,275 and $106,900 at September 30, 2021 and December 31, 2020, respectively. The remaining loan has an original term of 10 years, earn interest at rate of 12% annually, and is being paid on a monthly basis.

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- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-URI http://asc.fasb.org/subtopic&trid=2196772

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- References

No definition available.

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