Quarterly report pursuant to Section 13 or 15(d)

Economic Injury Disaster Loan (Tables)

v3.23.2
Economic Injury Disaster Loan (Tables)
6 Months Ended
Jun. 30, 2023
Economic Injury Disaster Loan  
Schedule of EIDL loan balances

EIDL loan balances at June 30, 2023 consist of the following:

   

   

June 30,

2023

   

December 31,

 2022

 
               
On July 7, 2020, WCI received an Economic Injury Disaster Loan, including accrued interest of $9,170 and $11,160 as of June 30, 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.     159,070       161,060  
                 
Less: Current maturities     (11,900 )     (3,191 )
                 
Long-term portion of economic injury disaster loan   $ 147,170     $ 157,869