Sun Pacific Holding Corp (SNPW)

[Dspetry]

As of September 30, 2020, the Company has made deposits of approximately $5,100,000 pursuant to a purchase of equipment costing approximately $7,200,000. As of September 30, 2020 and December 31, 2019, capitalized interest of $1,206,451 and $550,597, respectively, is included in deposits on the accompanying consolidated balance sheets. The Company currently expects to commence operations in late summer to early fall of 2020 at MedRecycler-RI, Inc.’s West Warwick, Rhode Island facility.