Quarterly report pursuant to Section 13 or 15(d)

NOTES PAYABLE

v3.23.3
NOTES PAYABLE
9 Months Ended
Sep. 30, 2023
Debt Disclosure [Abstract]  
NOTES PAYABLE

NOTE 4 – NOTES PAYABLE

 

Notes payable consist of the following:

 

    September 30,
2023
   

December 31,

 
    (Unaudited)     2022  
Notes payable   $ 88     $ 268  
Less current portion     (88 )     (211 )
Notes payable, long term   $     $ 57  

 

 

In 2018 and 2019, the Company entered into five financing agreements for the purchase of equipment. The financing arrangements are for a term of 2 years to 5 years, with interest rates ranging from 3.4% to 5.0% per annum and secured by the purchased equipment. The aggregate monthly payments of principal and interest of the outstanding notes payable as of September 30, 2023 is approximately $8 and are due through June 2024.