Quarterly report pursuant to Section 13 or 15(d)

NOTES PAYABLE

v3.22.2.2
NOTES PAYABLE
9 Months Ended
Sep. 30, 2022
Debt Disclosure [Abstract]  
NOTES PAYABLE

NOTE 3 – NOTES PAYABLE

 

Notes payable consist of the following:

 

   

September 30,

2022

    December 31,  
    (Unaudited)     2021  
Total Notes Payable for purchase of Equipment   $ 329     $ 510  
Less Current Portion     248       242  
Notes Payable, long term   $ 81     $ 268  

 

 

The Company has entered into several financing agreements for the purchase of equipment in prior years. The terms of these financing arrangements are from 2 years to 5 years, with interest rates ranging from 1.9% to 6.9% per annum, secured by the purchased equipment. The aggregate monthly payments of principal and interest of the outstanding notes payable as of September 30, 2022 is approximately $22 and are due through 2024.