Bell Buckle Holdings (BLLB)

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Read note 4
NOTE 4 – SIGNIFICANT TRANSACTION
On October 8, 2020, the Company entered into a Purchase and Sale Agreement with Xcelerated Revenue LLC, (“Xcelerated”) whereby the Company purchased outstanding delinquent debt obligations held by Xcelerated. Pursuant to the terms of the agreement the Company purchased approximately $19,997,000 of outstanding delinquent debt obligations for a purchase price of $750,000. As of December 31, 2020, no collections of the debt have been made and the full purchase price of $750,000 has been disclosed as an other receivable. In addition, the purchase price has not yet been paid and remains a liability as of December 31, 2020.