Annual report pursuant to Section 13 and 15(d)

Government Loans (Tables)

v3.22.1
Government Loans (Tables)
12 Months Ended
Dec. 31, 2021
Government Loans  
Schedule of loans
               
    December 31, 2021   December 31, 2020
         
Principal outstanding   $ 423,089     $ 679,866  
Deferred loan costs, net of amortization     (3,496 )     (4,408 )
Subtotal     419,593       675,458  
Less current portion     (74,134 )     (53,858 )
                 
Total long term portion   $ 345,459     $ 621,600  
Schedule of Expected payments
       
Payments expected for year ended   December 31,
2021
2022   $ 87,584  
2023     87,584  
2024     77,483  
2025     58,728  
2026     22,334  
Thereafter     208,529  
Subtotal     542,242  
Less interest portion     (119,153 )
         
Total debt balance   $ 423,089