RushNet Inc (RSHN)

[D-Money6]

That part of the financials talking about credit risk is irrelevant.


NOTE 11 - STRATEGIC ALLIANCES
During 2019, the Company entered into a strategic alliance with LeGanjaFairy LLC (LeGanja) and RushNet Inc. (Rush). As part of this alliance, LeGanja will be provided $5,000,000 in funding in exchange for their gross revenues from operations being assigned to an escrow account. Those gross revenues, less a variable percentage, will belong to the Company and paid out according to the agreement with LaGanja and
RushNet Inc. During the three and six months ended June 30, 2020 those revenues totaled $108,199 and 232,530, respectively.

During 2020, the Company entered into a strategic alliance with Able Academics LLC (Able). As part of this alliance, Able will be provided $7,500,000 in funding in exchange for their gross revenues from operations being assigned to an escrow account. Those gross revenues, less a variable percentage, will belong to the Company and paid
out according to the agreement with Able. During the three and six months ended June 30, 2020 those revenues totaled $554,117 and 554,117, respectively.