Quarterly report pursuant to Section 13 or 15(d)

Term Loan

v3.22.2
Term Loan
6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Term Loan

Note 14 - Term Loan

 

Term debt as of June 30, 2022 and December 31, 2021 consists of the following:

  

    June 30,
2022
    December 31,
2021
 
Bank of America auto loan, interest at 2.49% per annum, monthly principal and interest payments of $1,505, maturing July 2025, collateralized by vehicle.   $ 53,421     $ 61,710  
                 
Bank of America auto loan, interest at 2.24% per annum, monthly principal and interest payments of $654, maturing October 2025, collateralized by vehicle.     25,185       28,162  
                 
Bank of America auto loan, interest at 2.84% per annum, monthly principal and interest payments of $497, maturing March 2026, collateralized by vehicle.     21,113       -  
                 
Total notes payable     99,719       89,872  
Less: Current maturities     (29,504 )     (23,203 )
                 
Long term debt   $ 70,215     $ 66,669