NOTES & LOANS PAYABLE |
3 Months Ended | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2025 | ||||||||||||||||||||||||||||||||||||
| NOTES & LOANS PAYABLE | ||||||||||||||||||||||||||||||||||||
| NOTES & LOANS PAYABLE | NOTE 7. – NOTES & LOANS PAYABLE The table below outlines our notes and loans payable balances as of March 31, 2025 and December 31, 2024:
Insurance loans payable During the second quarter of 2024, the Company renewed its Director and Officer (“D&O”) insurance for a one-year policy premium totaling $866. The Company paid $147 as a premium down payment and financed the remaining $719 of policy premiums over ten months at a 8.3% annual percentage rate. The Company also has other insurance loans payable related to property and general liability across the Company. |
|||||||||||||||||||||||||||||||||||