Kraig Biocraft Laboratories Inc (KBLB)

[WebSlinger]

From the 2023 SEC Annual 10-K filed yesterday:

"During the year ended December 31, 2022, the Company paid $98,480 as a deposit towards the purchase of inventory from a related party vendor (an entity in which we hold a 15% ownership interest). As of December 31, 2023, the Company recognized impairment expense of $95,872 related to a deposit towards the purchase of inventory. The remaining balance as of December 31, 2023, is $0 (See Note 10)."

"The Company holds a 15% direct equity investment in Global Silk Solutions Joint Stock Company"

It looks like KBLB paid GSS about $98.5K, but then had to write off almost all of it due to losses from their wimpy silkworms.