| Schedule of EIDL loan balances |
EIDL
loan balances at March 31, 2023 consist of the following:
Schedule of EIDL loan balances
| |
|
March 31,
2023 |
|
|
December 31,
2022 |
|
|
|
|
160,065 |
|
|
|
161,060 |
|
| July 7, 2020, WCI received an additional Economic Injury Disaster Loan, including accrued interest of $12,565 and $11,160 as of March 31, 2023 and December 31, 2022, 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 7, 2022, and matures July 7, 2050. |
|
|
160,065 |
|
|
|
161,060 |
|
| Long term debt |
|
|
160,065 |
|
|
|
161,060 |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| Less: Current maturities |
|
|
(12,895 |
) |
|
|
(3,191 |
) |
| |
|
|
|
|
|
|
|
|
| Long-term portion of economic injury disaster loan |
|
$ |
147,170 |
|
|
$ |
157,869 |
|
|