Quarterly report [Sections 13 or 15(d)]

NOTES PAYABLE

v3.25.2
NOTES PAYABLE
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
NOTES PAYABLE

NOTE 4 – NOTES PAYABLE

 

In March 2023, the Company entered into a financing arrangement to purchase a vehicle with an interest rate of 11.44% and a monthly payment of $908 until February 2029. The vehicle is collateral for this arrangement.

 

The following table provides the maturities of notes payable as of June 30, 2025:

     
Remainder of 2025   $ 5,450  
2026     10,898  
2027     10,898  
2028     10,898  
2029     1,816  
Total future payments     39,960  
Less: Interest     (7,735 )
Total notes payable     32,225  
Less current portion     (7,602 )
Long-term notes payable   $ 24,623