| Term Loan |
Note
13 - Term Loan
Term
debt as of March 31, 2022 and December 31, 2021 consists of the following:
Schedule of term debt
| |
|
March 31,
2022 |
|
|
December 31,
2021 |
|
| 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. |
|
$ |
57,579 |
|
|
$ |
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. |
|
|
26,999 |
|
|
|
28,162 |
|
| |
|
|
|
|
|
|
|
|
| Bank of America auto loan, interest at 2.84% per annum, monthly principal and interest payments of $497, maturing March 2026, collateralized by vehicle. |
|
|
22,480 |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
| Total notes payable |
|
|
107,058 |
|
|
|
89,872 |
|
| Less: Current maturities |
|
|
(29,354 |
) |
|
|
(23,203 |
) |
| |
|
|
|
|
|
|
|
|
| Long term debt |
|
$ |
77,704 |
|
|
$ |
66,669 |
|
|