Note 17 – Related party transactions

On December 15, 2020, WCI received a $20,000 short term loan from an officer of WCI, which is reflected as a related party payable at March 31, 2021 and December 31, 2020.

On March 12, 2021, Mentor received a $100,000 loan from its CEO, which bears interest at 7.8% per annum compounded quarterly and is due upon demand. The loan from the related party and accrued interest of $196 is reflected as a long-term liability at March 31, 2021. For the three months ended March 31, 2021, the interest expense on the long-term loan from the related party was $196.