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Replies to post #59225 on Sun Pacific Holding Corp (SNPW)
Mightymite45
04/28/22 9:33 AM
#59226 RE: karmakaziXpert #59225
ForeignCitizen
04/28/22 9:45 AM
#59227 RE: karmakaziXpert #59225
Inspector Clouseau
04/28/22 10:04 AM
#59228 RE: karmakaziXpert #59225
drugmanrx
04/28/22 10:56 AM
#59237 RE: karmakaziXpert #59225
The investors receive 100% of the profits from the Rhode Island contract to install 20 bus shelters until 100% of the initial investments are returned. Thereafter, the investors receive 20% of the remaining profits from Rhode Island contract. As of December 31, 2021 and 2020, no profits have been earned on the Rhode Island contract, no repayments have occurred, and the total amount of investments received totaling $260,00 is reflected on the accompanying consolidated balance sheet as a Project Financing Obligation.