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 six months ended June 30, 2022 and the year ended December 31, 2021, the Company recorded a receivable in the amount of $459,541 and $491,417, respectively, for amounts available to reclaim against the tax liability from UK and EU countries. Subsequently to June 30, 2022, the Company has received a total of £53,473 or $64,451, using an exchange rate close of 1.2053 GBP:USD, in regards to this receivable.