Quarterly report pursuant to Section 13 or 15(d)

Note 15 - Paycheck Protection Plan Loans and Economic Injury Disaster Loans: Schedule of EIDL loan balances (Tables)

v3.21.1
Note 15 - Paycheck Protection Plan Loans and Economic Injury Disaster Loans: Schedule of EIDL loan balances (Tables)
3 Months Ended
Mar. 31, 2021
Tables/Schedules  
Schedule of EIDL loan balances

 

 

 

March 31,

2021

 

December 31,

2020

July 9, 2020, WCI received an additional Economic Injury Disaster Loan, including accrued interest of $4,093 and $2,502 as of March 31, 2021 and December 31, 2020, respectively. The note is secured by all tangible and intangible personal property of WCI, bears interest at 3.75% per annum, requires monthly installment payments of $731 beginning July 2021, and matures July 2050.

$

$ 153,993

$

152,602

 

 

 

 

 

Less: Current maturities

 

-

 

-

 

 

 

 

 

Long-term portion of economic injury disaster loan

$

$ 153,993

$

152,602