| Term Loan |
Note
14 - Term Loan
Term
debt as of March 31, 2023 and December 31, 2022 consists of the following:
Schedule of term debt
| |
|
March 31,
2023 |
|
|
December 31,
2022 |
|
| 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. |
|
$ |
17,115 |
|
|
$ |
18,427 |
|
| |
|
|
|
|
|
|
|
|
| Bank of America auto loan, interest at 2.24% per annum, monthly principal, and interest payments of $654, maturing October 2025, collateralized by vehicle. |
|
|
40,903 |
|
|
|
44,529 |
|
| |
|
|
|
|
|
|
|
|
| Bank of America auto loan, interest at 2.84% per annum, monthly principal, and interest payments of $497, maturing March 2026, collateralized by vehicle. |
|
|
19,059 |
|
|
|
20,920 |
|
| |
|
|
|
|
|
|
|
|
| Total notes payable |
|
|
77,077 |
|
|
|
83,876 |
|
| Less: Current maturities |
|
|
(30,266 |
) |
|
|
(29,011 |
) |
| |
|
|
|
|
|
|
|
|
| Long
term debt |
|
$ |
46,811 |
|
|
$ |
54,865 |
|
|