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 years ending December 31, 2022 and 2021, the Company recorded a receivable in the amount of $432,769 and $491,417, respectively, for amounts available to reclaim against the tax liability from UK and EU countries. Subsequently to December 31, 2022 and 2021, the Company has received a total of £80,570 or $96,740, using an exchange rate close of 1.20069 GBP:USD and £70,756 or $95,759, using an exchange rate close of 1.3533720 GBP:USD, in regard to this receivable.