Quarterly report pursuant to Section 13 or 15(d)

Note Payable

v3.22.2.2
Note Payable
9 Months Ended
Sep. 30, 2022
Debt Disclosure [Abstract]  
Note Payable

Note 3 – Note Payable

 

On November 8, 2021, the Company entered into a short-term note payable for an aggregate of $425,990, bearing interest at 3.3% per year to finance certain insurance policies. Principal and interest payments related to the note will be repaid over a 11-month period with the final payment due on September 30, 2022. As of September 30, 2022 and December 31, 2021, the Company’s note payable balance was $39,260 and $387,794, respectively. Subsequent to September 30, 2022, the Company repaid the outstanding note balance in full.