Quarterly report pursuant to Section 13 or 15(d)

NOTES PAYABLE

v3.24.3
NOTES PAYABLE
9 Months Ended
Sep. 30, 2024
Nonrelated Party [Member]  
Defined Benefit Plan Disclosure [Line Items]  
NOTES PAYABLE

NOTE 4 – NOTES PAYABLE

 

Notes payable consist of the following:

  

   

September 30, 2024

(Unaudited)

   

December 31,

2023

 
Total Equipment Notes Payable   $     $ 64  
Less current portion           (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 outstanding notes payable was paid off as of September 30, 2024.