Quarterly report pursuant to Section 13 or 15(d)

Term Loan (Tables)

v3.23.2
Term Loan (Tables)
6 Months Ended
Jun. 30, 2023
Debt Disclosure [Abstract]  
Schedule of term debt

Term debt as of June 30, 2023 and December 31, 2022 consists of the following:

 

    June,
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.   $ 17,203     $ 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.     36,634       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.     15,743       20,920  
                 
Total notes payable     69,580       83,876  
Less: Current maturities     (30,470 )     (29,011 )
                 
Long term debt   $ 39,110     $ 54,865