NOTE 3 – VAT RECEIVABLE

On January 1, 2021, VAT rules relating to imports and exports between the UK and EU changed as a result, of the UK’s departure from the EU, (“BREXIT”). For the three months ended March 31, 2022 and the year ended December 31, 2021, the Company recorded a receivable in the amount of $458,373 and $491,417, respectively, for amounts available to reclaim against the tax liability from UK and EU countries. Subsequently to March 31, 2022, the Company has received a total of £33,978 or $44,640, using an exchange rate close of 1.31380 GBP:USD, in regard to this receivable.