Quarterly report pursuant to Section 13 or 15(d)

NOTES PAYABLE

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NOTES PAYABLE
6 Months Ended
Jun. 30, 2024
Nonrelated Party [Member]  
Defined Benefit Plan Disclosure [Line Items]  
NOTES PAYABLE

NOTE 4 – NOTES PAYABLE

 

Notes payable consist of the following:

 

SCHEDULE OF NOTES PAYABLE 

   

June 30, 2024

(Unaudited)

   

December 31,

2023

 
Total Equipment Notes Payable   $ 16     $ 64  
Less current portion     (16 )     (64 )
Notes Payable, Noncurrent portion   $     $  

 

 

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, and mature between September 2023 and July 2024. The aggregate monthly payments of principal and interest of the outstanding notes payable as of June 30, 2024 is approximately $8.