Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.21.1
Debt (Tables)
3 Months Ended
Mar. 31, 2021
Debt Instrument [Line Items]  
Schedule of debt

 

 

 

 

 

 

 

 

    

March 31, 2021

    

December 31, 2020

 

 

(Unaudited)

 

 

 

Paycheck Protection Program Loan

 

$

303,681

 

$

354,281

Small Business Administration Loan

 

 

171,006

 

 

149,900

Loan payable - Automobile Loan

 

 

30,773

 

 

35,093

Long-term debt

 

 

505,460

 

 

539,274

Less current portion of the Paycheck Protection Program Loan

 

 

(203,810)

 

 

(237,182)

Less current portion of the Small Business Administration Loan

 

 

(23,642)

 

 

(1,748)

Less current portion of the Loan Payable

 

 

(17,470)

 

 

(17,394)

Long-term debt, net of current portion

 

$

260,538

 

$

282,950

 

Loans Payable  
Debt Instrument [Line Items]  
Schedule of maturities of the loan payable obligation

Maturities of the loan payable obligation as of March 31, 2021 are as follows:

 

 

 

 

 

    

Maturities of Loan 

Years Ended December 31,

 

Payable

2021 (remaining)

 

$

13,074

2022

 

 

17,699

 

 

$

30,773