Quarterly report pursuant to Section 13 or 15(d)

NOTES PAYABLE

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NOTES PAYABLE
6 Months Ended
Jun. 30, 2021
Debt Disclosure [Abstract]  
NOTES PAYABLE

NOTE 3 – NOTES PAYABLE

 

Notes payable consist of the following:

 

    2021     2020  
    June 30, 2021        
    (Unaudited)     December 31, 2020  
Total Equipment Notes Payable   $ 627     $ 777  
Less Current Portion     237       267  
Notes Payable, long term   $ 390     $ 510  

 

 

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 June 2023 and December 2023. The aggregate monthly payments of principal and interest of the outstanding notes payable as of June 30, 2021 is approximately $28.