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DEPOSIT ON FARMLAND
12 Months Ended
Dec. 31, 2022
DEPOSIT ON FARMLAND

NOTE 5 – DEPOSIT ON FARMLAND

 

At December 31, 2022, the Company’s deposit on farmland balance was $4,914,191. Deposit on farmland consists of funds paid as a deposit with the intent to acquire farmland in Africa by our Sadot subsidiary. The Company has entered into a letter of intent with a deposit to purchase undeveloped farmland. The Company is still in final negotiations with the intent to finalize the agreement by the end of the second quarter of 2023.