Music Licensing Inc (SONG)

[marylandstockguy]

I nibbled some on this one today, but I think there are still some question marks on the financials. The cash on hand of $415 has been pointed out, as well as the $12.3 million convertible note:

"As of December 31, 2023, the total amount of the convertible note is $12,308,525 which compromises the annual salary amount of $12,000,000 and the total payments of $308,525 toward acquiring assets and payment of expenses from Jake P. Noch Family Office LLC."

There's also $993 million in "bad debt expense", of which $719 million was in the first quarter of the year. Does anyone know what this was for?