If the company ceased operations in 2020 because of Covid19, you can treat your investment as "worthless" in 2020 and claim a capital loss in the amount of your investment.
You appear to have concluded the investment became worthless in 2020 on account of Covid 19 issue (i.e. "but at this time, it is doing nothing, more so due to Covid 19.)"
The IRS allows you to deduct worthless stock only in the tax year it becomes completely worthless. This is to prevent investors from picking and choosing what year to claim losses on worthless investments.
How do I deduct worthless stock?