Annual report pursuant to Section 13 and 15(d)

LOANS PAYABLE (Tables)

v3.23.1
LOANS PAYABLE (Tables)
12 Months Ended
Dec. 31, 2022
Loans Payable  
SCHEDULE OF LOANS PAYABLE

The Company’s loans payable are summarized below:

    2022     2021  
    December 31,  
    2022     2021  
             
EIDL   $ 93,541     $ 94,000  
2018 Loan     111,137       223,356  
2022 Loan     51,643       -  
Total Loans Payable     256,321       317,356  
Less: current portion     164,656       223,356  
Loans Payable, non-current   $ 91,665     $ 94,000  
SCHEDULE OF FUTURE MINIMUM PRINCIPAL PAYMENTS OF LOANS PAYABLE

Future minimum principal payments under the loans payable are as follows:

 

    Total  
Years ending December 31,   Payments  
2023   $ 164,656  
2024     2,105  
2025     2,195  
2026     2,278  
2027     2,365  
Thereafter     82,722  
Total payment   $ 256,321