| Term Loan |
Note
14 - Term Loan
Term
debt as of September 30, 2022 and December 31, 2021 consists of the following:
Schedule of term debt
| |
|
September
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. |
|
$ |
48,738 |
|
|
$ |
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. |
|
|
22,755 |
|
|
|
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. |
|
|
19,775 |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
| Total notes payable |
|
|
91,268 |
|
|
|
89,872 |
|
| Less:
Current maturities |
|
|
(29,236 |
) |
|
|
(23,203 |
) |
| |
|
|
|
|
|
|
|
|
| Long
term debt |
|
$ |
62,031 |
|
|
$ |
66,669 |
|
|