Quarterly report pursuant to Section 13 or 15(d)

NOTES PAYABLE

v3.23.1
NOTES PAYABLE
3 Months Ended
Mar. 31, 2023
Debt Disclosure [Abstract]  
NOTES PAYABLE

NOTE 3 – NOTES PAYABLE

 

Notes payable consist of the following:

 

   

March 31, 2023

    December 31, 2022  
    (Unaudited)        
Total Equipment Notes Payable   $ 205     $ 268  
Less Current Portion     172       211  
Notes Payable, long term   $ 33     $ 57  

 

 

The Company has entered into several financing agreements for the purchase of equipment in prior years. The terms of these financing arrangements are for a term of 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 March 31, 2023 is approximately $22 and are due through 2024.