Annual report pursuant to Section 13 and 15(d)

Term Loan (Tables)

v3.23.1
Term Loan (Tables)
12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Schedule of term debt

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

  

 

    2022     2021  
Bank of America auto loan, interest at 2.84% per annum, monthly principal, and interest payments of $497, collateralized by vehicle.   $ 18,427     $ -  
                 
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.     44,529       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.     20,920       28,162  
               
Total notes payable     83,876       89,872  
Less: Current maturities     (29,011 )     (23,203 )
                 
Long term debt   $ 54,865     $ 66,669